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1/05/26
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In a sizable end-of-year multifamily buy in Sacramento, Jackson Square Properties acquired a two-property, 536-unit res portfolio for $161.5 mil ($301.3k/unit). The purchase consisted of Zeta Luxury Apartments and Solasta Luxury Apartments, both developed by A.G. Spanos and completed in 2024.
3761 E. Commerce Way, Sacramento (Photo: Dig Photography) |
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Located at 3761 E. Commerce Way, Zeta Luxury Apartments features 270 units with studio, one- and two-bedroom floor plans. Amenities include a resort-style saltwater pool, 24-hour athletic center, pickleball courts and a luxury clubhouse with gaming tables, movie lounge, a demonstration kitchen, gourmet coffee bar, beer and wine on tap and private work areas. Zeta is situated in the North Natomas submarket, offering residents quick access to major job centers and abundant amenities.
Solasta Luxury Apartments, located at 7606 Klotz Ranch Ct, has 266 units with one-, two- and three-bedroom floor plans. Amenities include a heated saltwater swimming pool, rooftop deck with a fireplace and outdoor TVs, and upscale resident lounge with gaming tables and a demonstration kitchen. Solasta is located in the Pocket-Greenhaven submarket, providing easy access to Downtown Sacramento and major employers.
CBRE’s Marc Ross, CFA, Joe McNamara and Claire Holt represented the seller in the transaction. According to Ross, Zeta and Solasta offer best-in-class amenities and prime locations, creating a strong foundation for Jackson Square Properties to capitalize on the region’s continued growth and demand for high-quality multifamily housing.
Multifamily investment volume rose by 7.5% year-over-year to $108 bil in the first three quarters of 2025, according to CBRE Research. In Q3 2025, the multifamily sector had the largest share of total commercial real estate investment volume at 38%.
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