1/22/2008

HFF negotiates $30M sale of Sacramento multi-family

by
St. Anton Partners has purchased the Heritage Park housing community in the Sacramento suburb of Roseville, Calif., for $30 million from Baltimore, Md.-based MMA Financial, Inc.

David Fournier and Robert Ryan of Holliday Fenoglio Fowler's Atlanta office represented MMA.

Heritage Park is a 328-unit, low-income housing project that restricts occupancy to tenants who earn not more than 50 to 60 percent of the area median income. Built in 1992, the property is located at 1098 Woodcreek Oaks Blvd. and contains two, three and four-bedroom units. St. Anton Partners financed the acquisition with tax exempt bonds and low income housing tax credits.

Roseville is located approximately 20 miles northeast of Sacramento and has a population of 106,266.

Address: 1098 Woodcreek Oaks Blvd., Roseville, Calif.

Size: 328 units

Built: 1992

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Filed Under: Multi-Family

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