After acquiring the 104-unit Sierra Park apartments two years ago, Northern California-based OpenPath Investments sold the property to San Francisco-based private equity firm Tesseract Capital Group for $24.7 million, or approximately $237,500 per unit.
Tesseract Capital Buys Townhouse Apartments in Sacramento's North Highlands Neighborhood
Seller OpenPath Parts With Property After Two-Year Hold, Completing Exterior Improvements
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Sierra Park Townhomes
4930 Polk St, North Highlands, CA
- Companies
- OpenPath Investments
Finance and Insurance
- Tesseract Capital Group
Public Administration
- Contacts
- Mark Demetre
Execuitve Vice President, Colliers
- Jeff Chiate
Executive Vice Chairman, Cushman & Wakefield