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Trio Properties Picks Up 104-Unit Sacramento Apartments

Courtyard at Artisan Square Traded for $23.6 Million
Trion Properties, a multifamily investment sponsor and private equity real estate firm, acquired the  104-unit Courtyard at Artisan Square multifamily complex located 1503 Fulton Ave. in Sacramento, California. (CoStar)
Trion Properties, a multifamily investment sponsor and private equity real estate firm, acquired the 104-unit Courtyard at Artisan Square multifamily complex located 1503 Fulton Ave. in Sacramento, California. (CoStar)
By Robbie DeBurn
CoStar Research
January 31, 2023 | 4:39 P.M.

Trion Properties, a sponsor and private equity real estate firm with offices in West Hollywood, California, and Miami, Florida, purchased the 104-unit apartment complex located at 1503 Fulton Avenue in Sacramento from a private investor for $23.6 million, or roughly $227,000 per unit. The buyer secured the Courtyard at Artisan Square, through a debt assumption transaction with a private seller, according to a statement issued by Max Sharkansky, managing partner of Trion Properties.

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News | Trio Properties Picks Up 104-Unit Sacramento Apartments