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29th Steet Capital Picks Up Sycamore Square in Rancho Cordova

United Development Group Sells 140-Unit Complex
February 1, 2018
29th Street Capital (29SC) bought the 140-unit Sycamore Square Apts. in Rancho Cordova, CA from United Development Group for an undisclosed amount.

The 107,655-square-foot apartment community consists of one-, two- and three-bedroom units. It was built in 1970 roughly 10 miles east of downtown Sacramento, and last underwent renovations in 2001. On-site amenities include a pool and clubhouse.

29SC, a San Francisco-based real estate investment and advisory firm that owns more than 7,000 apartments nationwide, will invest $1.2 million to upgrade unit interiors, building exteriors and amenities at Sycamore Square.

Please see CoStar COMPS #4120222 for more information on this transaction.
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