ROSEVILLE, CA—CBRE Capital Markets hascompleted the sale of Rosemeade at Olympus Pointe,a 465-unit apartment complex in Roseville.

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The transaction is the largest multifamily deal ever in theSacramento region. Rosemeade was broadly marketed and receivedtremendous investor attention with an extremely competitive fieldof offers, CBRE noted.

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The ConAm Group ultimately re-capitalized thedeal, partnering with one of the groups that participated in thebest and final round of offers, SyRES Properties.A subsidiary of Syufy Enterprises, thistransaction marks SyRES Properties' first multifamily acquisition.The sales price was not disclosed.

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Marc Ross and William Blucherof CBRE's Sacramento office, along with Tyler Anderson,Sean Cunningham, Asher Gunter, and MattPesch of CBRE's Phoenix office,represented the seller comprised of The ConAm Group and aninstitutional client advised by CenterSquare InvestmentManagement, a BNY Mellon company.

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“Given its prime micro location within a highly coveted marketearly in its economic and rental expansion cycle, this rare,core-plus offering generated significant interest from theinvestment community, including those looking to enter theSacramento market for the first time,” said Ross, VPmultifamily.

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Rosemeade is among the Sacramento region's finest luxuryapartment communities. Built in 1992, thisexclusive property is equipped with luxury amenities featuring465 garden-style apartment homes. Premium designfeatures include abundant architectural relief, a single-loadedapartment home design, extended eaves, vaulted ceilings, oversizedwindows, garages, storage units, and a host of communityamenities.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.