Sack Capital Partners, a San Francisco-based real estate investment and management firm with multifamily properties throughout the west coast, and Align Finance Partners, specialists in affordable housing finance, announced the close of structured financing on Step Up Housing’s acquisition of two California multifamily communities: Copper Creek, a 268-unit community in Sacramento, and Terramonte at Foothill, a 138-unit community in Pomona. The combined transactions total 406 units at $91.35 million. Sack will provide asset and property management for both properties.
“These two communities give us a foothold in two of California’s most resilient renter markets — greater Sacramento and the Inland Empire gateway of Pomona,” said David Feinberg, managing partner at Sack Capital Partners. “Both properties offer the kind of stable in-place cash flow and clear value-add path that we look for, and we’re looking forward to investing in the resident experience at both co
