A sale that closed within the last week represents another high-water mark for multifamily investment in Sacramento’s central city.
Bay Area-based Woodmont Cos. acquired Q19, an apartment and retail project in midtown, for $26.8 million, according to brokers on the deal.
One of those brokers, Ken Turton of Turton Commercial Real Estate, said Q19 set a per-square-foot record of $580, for a project of 68 apartments and 1,985 square feet of retail space.