THE LOFTS TRADES HANDS FOR $18.5 MILLION

SACRAMENTO, CALIF. — The Lofts Apartments, c/o The Reliant Group, has acquired The Lofts, a 188-unit apartment community located at 3351 Duckhorn Dr. in Sacramento. Built in 2005, the property sold for $18.5 million. The 13-building community features a mix of one-bedroom flats/lofts and two-bedroom flats/lofts. Amenities include a 24-hour fitness center, a clubhouse, a community event center, a playground, picnic and barbeque areas, a resort-style heated pool, a hydrotherapy spa, a coffee bar, a DVD library, 64 direct-access garages and 90 detached garages. The seller was The Lofts LP, c/o Pacific West Companies, and Reno, Nev.-based Hearthstone Housing Foundation. Mark Feldman of Hendricks & Partners’ San Francisco office represented both parties in the transaction.