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10/27/25
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Jackson Square Properties has purchased The Falls at Arden, a 272-unit multifamily community in Sacramento, for $54.6 mil ($200.7k/unit). The property, located at 2345 Northrop Ave, was sold by Demmon Partners, a family-owned real estate investment, management and development firm based in Sacramento.
Photo: Digital Sky Photography |
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Built in 1986, The Falls at Arden offers studio, one- and two-bedroom floorplans averaging 679 sf in size. Ninety percent of the units have been renovated with luxury vinyl plank flooring, quartz countertops, stainless-steel appliances and new cabinets. Community amenities include a pool deck and spa, fitness center, and a fully renovated clubhouse with a demonstration kitchen, game room and movie theatre. The property was 97% leased at the time of sale.
Situated in Sacramento’s Arden-Arcade submarket, The Falls at Arden provides access to the region’s largest employment centers via Interstate 80 and Highway 50, including the Downtown MSA, Roseville/Rocklin and the Highway 50 Corridor. Additionally, the property is adjacent to some of the city’s most affluent neighborhoods and premier retail amenities, with nearby dining options such as Ruth’s Chris Steak House, Wildwood Kitchen & Bar, Piatti and Café Bernardo. The property is also near multiple shopping centers and six grocery stores within a three-mile radius, including one of only three Whole Foods Market locations in the region.
During its ownership, Demmon Partners upgraded the property amenities and completed laundry installations in nearly every apartment. Demmon completed the renovation of the clubhouse and added the following amenities: an outdoor fireplace, parcel locker room, secure indoor mail room, a pet spa and bike storage room.
CBRE’s Marc Ross, Joe McNamara and Claire Holt represented the seller in the deal. Ryan Greer and Trevor Breaux with CBRE’s Capital Markets Debt & Structured Finance team arranged acquisition financing on behalf of the buyer.
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