140
SACRAMENTO, CALIF. – Virtu Investments has acquired the 796-unit Natomas Ridge apartment complex in the Sacramento submarket of Natomas for a reported $62 million. The community is located at 2025 W. El Camino Ave.
Natomas Ridge was 94 percent occupied at the time of sale. It is situated just eight minutes from downtown Sacramento, via Interstate 5.
The community was constructed in 1979. About 765 of the community’s 796 units have undergone complete kitchen and bathroom renovations.
The transaction was executed by Mark Leary, Curtis Gardner and John McCulloch of the ARA Pacific team. The seller was a global investment manager.