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Wave of Renters Help Sacramento Developer Land Record Price for New Multifamily Complex

D&S Development Apartment Property Trades for $57 Million To Mark City’s Highest Per-Unit Price
The D&S Development multifamily project at 1430 Q St. in Sacramento, California, has been sold in a record-breaking, $57.1 million deal with a San Francisco investor. (CoStar)
The D&S Development multifamily project at 1430 Q St. in Sacramento, California, has been sold in a record-breaking, $57.1 million deal with a San Francisco investor. (CoStar)
CoStar News
March 17, 2022 | 8:46 P.M.

The construction equipment at one of Sacramento's newest apartment developments has barely been cleared, but an investor eager to dive into the city's accelerating multifamily sector has blasted through pricing records to purchase it for well above the area's rising per-unit prices.

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