GMH CAPITAL PARTNERS BROKERS $36.5 MILLION SALE OF STUDENT APARTMENTS

SACRAMENTO, CALIF. — Newtown Square, Pa.-based GMH Capital Partners has brokered the sale of The Verge, a 288-unit apartment community located at 6730 4th Ave. in Sacramento. Lake Forest, Calif.-based Valeo Cos. has acquired the property for $36.5 million. The Class A multifamily property consists of 18 three-story buildings and one single-story clubhouse/leasing office. With 264,366 square feet of net rentable area, The Verge was constructed to house students from the University of California, Sacramento. Dave Forrest, Bill Tourtellotte, Randall Calvert and Tom Haak of GMH Capital Partners represented the seller in the transaction.