SACRAMENTO—The Fountains at Point West is a 339-unit value-add multifamily property located at 1761 Heritage Lane in the Arden-Arcade submarket, across the street from the Arden Fair Mall and Kaiser Permanente’s Point West Campus. The asset recently sold for $85.15 million to Salt Lake City-based Bridge Investment Group.

“This marks the first significant multifamily sale to occur in Sacramento since the COVID-19 pandemic hit, which is a testament to the property’s status as a landmark asset in the region,” says Marc Ross, executive vice president in the CBRE Sacramento office, who represented the San Rafael-based seller, Oakmont Properties.


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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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