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SACRAMENTO, CALIF. — Virtú Investments has purchased The Eleven Hundred Apartments, a 565-unit apartment community in Sacramento, for a reported $44 million. The garden-style community is located at 1100 Howe Ave., within the city’s Arden Arcade neighborhood.
The property was built in 1962. It was 96 percent occupied at the time of sale.
Mark Leary and Kyle Suryan of ARA Pacific represented both the buyer and seller, Acacia Capital, in this transaction.