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Demand Drivers Push Sacramento Job Growth

Workers are moving outside of the Bay Area and commuting to save on housing, and companies are also locating outside of San Francisco to areas such as Sacramento to reduce occupancy costs, especially for back-office operations.

Savannah Court Savannah Court is a 195-unit multifamily community located at 4337 Norwood Ave.

SACRAMENTO—Pointing to continued population and job growth, combined with close proximity to the Bay Area, Sacramento continues to lead with strong market dynamics. Coupled with the fact that very few apartments have been built in the past several years means investors have high interest in the area.

As such, Pathfinder Partners recently acquired Savannah Court, a 195-unit multifamily community located at 4337 Norwood Ave. for approximately $22 million. The property was acquired from CIP Savannah LLC, a Delaware LLC, and represents Pathfinder’s second acquisition in the Sacramento area.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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