Trio Properties has acquired Bella Pointe Apartments, a 136-unit multifamily community in the Sacramento submarket of Rancho Cordova, Calif.
The $18.25 million acquisition is the firm’s fourth multifamily purchase in a little more than three months. This also marks Trion’s re-entry into the Sacramento market, where the team previously brought two multifamily assets full cycle, after four years.
“Sacramento is currently the fastest-growing city in California and has proven its resilience during the pandemic,” says Max Sharkansky, managing partner at Trion Properties. “As one of the most affordable major markets in California, the city has an in-migration of roughly 25,000 residents annually and less than 2,000 units under construction, making Bella Pointe a strong and valuable addition to our portfolio.”
The asset is in close proximity to the East Bay Area, where the firm has deep experience and relationships, and currently owns seven multifamily comm
