George Smith Partners has successfully secured $85.8 million in construction financing for a 372-unit multifamily development located in the River District, an Opportunity Zone within Sacramento. This is phase A of Township 9, a 2,400-unit transit-oriented development that will break ground during the second quarter of 2021.
The GSP advisory team was led by Managing Director Shahin Yazdi and included SVP Miles Musalman and VP Kyle Redmond. “This project will be an invaluable asset to the Sacramento community,” said Yazdi,” providing much needed housing while creating jobs in the area.” Phase A consists of studios, one-, two-, and three bedroom apartments with 839,000 square feet of office space and 146,000 square feet retail at full buildout completion.
