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