SANTA ROSA, CA-A private investor based in Marin County has acquired the 180-unit Vineyard Gardens Apartments from a locally based private investment group for $23 million, according to Arroyo & Coates, which negotiated the sale. The complex is a 20-year-old property that includes apartments of one and two bedrooms ranging from 559 sf to 926 sf at 240 Burt St.

The Vineyard Gardens was built in 1988 and was originally called the Redwood Manor. The complex, which occupies a site of nearly nine acres, was partially renovated in 2007 and is well-located, according to the Arroyo & Coates brokers, who had the disposition assignment and also represented the buyer. Jamie Clifford and David Silver of Arroyo & Coates represented the seller, with Tim Scherer of Arroyo & Coates, representing the buyer.

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