Sack Capital Partners and Align Finance Partners announced the close of structured financing on Step Up Housing’s acquisition of Vue at 3600 in Richmond, Calif. Sack also will provide asset and property management for the 240-unit affordable asset. At closing, a regulatory agreement was recorded against title requiring 180 units (75 percent) to be affordable.
Built in 1990 and located at 3600 Sierra Ridge Road on approximately 12.06 acres, Vue at 3600 offers residents a scenic hilltop setting with dramatic views from select units and common areas, as well as a comprehensive amenity package highlighted by a resort-style pool, two spas, expansive clubhouse, fitness center, and enclosed dog park.
The property also has a diverse and thriving employment landscape in Richmond, which is home to a wide range of industries, including manufacturing, healthcare, technology, and logistics. Major employers include Chevron, Amazon, Blue Apron and Kaiser Permanente.
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