[IMGCAP(1)]ROSEVILLE, CA-The Prime Group of San Francisco has acquired the 612-unit Slate Creek at Johnson Ranch apartments 27 days after going under contract on the property, which was on the market only 21 days before going into escrow. Mark Leary, one of a three-member team from the Sacramento office of Atlanta-based Apartment Realty Advisors, tells GlobeSt.com that the property generated 14 offers from Institutional and private buyers during the 21 days it was on the market.

[IMGCAP(2)]Leary, Curtis Gardner and Nate Oleson of ARA represented both the buyer and the seller of the complex, which was sold by a Bay Area-based private investor. The property is at 1751 E. Roseville Parkway, adjacent to a Safeway supermarket- anchored center in the affluent Granite Bay district.

The 45-building complex, with units of one to three bedrooms that average 1,043 square feet and rent for an average of $1,050, was 92% occupied at the close of escrow.

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