(To read more on the multifamily market, click here.)

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SACRAMENTO-Two apartment complexes here have changed hands inrecent days in separate transactions. The larger of the twoproperties was Tuscaro, a 296-unit class A apartment complex inNorth Natomas that sold for $39.3 million. Klingbeil CapitalManagement sold the property to Fairfield Residential LLC.

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Located at 4400 Truxel Rd., Tuscaro occupies 18.56 acres ofland. The 281,584-sf development includes a mix of one-, two- andthree-bedroom units. Amenities include a fitness center, arecreational path, swimming pool and spa, picnic areas with outdoorgrills, a business and video center, VIP concierge service and asocial room with a courtyard. Each unit includes breakfast bars andwalk-in closets.

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Brokers Stan Jones, Kenneth Blomsterberg, Jesse Nickerman, PhilSaglimbeni and Sal Saglimbeni of the Palo Alto and Sacramentooffices of Marcus & Millichap brokered the transaction.

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Twelve miles down Interstate 5 in southwest Sacramento,Greenhaven on the Lake Apartments, a 200-unit apartment communitytraded hands for $19.1 million. Security Properties Inc. of Seattlesold the asset to Oakmont Properties of San Francisco. The14-building development was built in 1979 at 407 Florin Rd. DavidSilver and Mark Leary of Arroyo & Coates had the dispositionassignment.

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