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FOLSOM, CALIF. — TRI Commercial/CORFAC International has closed the $50.4 million sale of the 336-unit Sherwood Apartments located in Folsom. Constructed in 2002 and 96 percent occupied at time of sale, the Class A multifamily complex is situated adjacent to a planned 440-bed Kaiser Hospital and the nearly completed 600,000-square-foot Palladio at Broadstone mixed-use development. TRI/CORFAC’s John Gallagher and Dean Bagneschi represented both the buyer and the seller — Bay Area investor Sherwood Iron Point LP and Sherwood Apartments LLC, respectively — in the transaction.