SACRAMENTO, SAN JOSE, CALIF. — Ridge Capital Investors, LLC, has acquired a Sacramento apartment complex and a San Jose office building for a total of $31.8 million. The firm purchased the 105-unit Lesarra Apartments in the Sacramento suburb of El Dorado Hills for $22.8 million. The community is located at 2230 Valley View Parkway near El Dorado Hills Town Center. Ridge Capital partnered with an affiliate of Andell, Inc. on this transaction. This is Ridge Capital’s fifth apartment investment in the past 18 months, and its first in Sacramento. Both the buyer and the unnamed seller were represented by Jason Parr of Cushman & Wakefield’s San Francisco office.
Ridge Capital also recently acquired the 109,200-square-foot Balentine Park in Silicon Valley for $9 million. It is located at 39889 Balentine Drive, just off Interstate 880. The property was 70 percent occupied at the time of foreclosure. It will undergo extensive renovations this year. Ridge Capital partnered with Contrarian Capital Management, LLC on this trustee sale. This is Ridge Capital’s third Silicon Valley office investment in the past 18 months.