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Demmon Partners Acquires 272-Unit Apartment Community in Sacramento

The Falls at Arden was built in 1986. It includes studio to two-bedroom units that are currently 95 percent occupied.

SACRAMENTO, CALIF. — Demmon Partners has acquired The Falls at Arden apartments in Sacramento for an undisclosed sum. The 272-unit community is located at 2345 Northrop Ave.

The Falls at Arden was built in 1986. It includes studio to two-bedroom units that are currently 95 percent occupied.

The asset has received $3.6 million in improvements since March 2016. Jason Parr of Cushman & Wakefield represented the seller, FPA Multifamily, in this transaction.

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