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