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

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

Located at 4400 Truxel Rd., Tuscaro occupies 18.56 acres of land. The 281,584-sf development includes a mix of one-, two- and three-bedroom units. Amenities include a fitness center, a recreational path, swimming pool and spa, picnic areas with outdoor grills, a business and video center, VIP concierge service and a social room with a courtyard. Each unit includes breakfast bars and walk-in closets.

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