**Jackson Square Properties Acquires $161.5M Multifamily Portfolio in Sacramento**
CBRE has arranged the $161.5 million sale of Zeta Luxury Apartments and Solasta Luxury Apartments, a multifamily portfolio located in Sacramento, California. The buyer, Jackson Square Properties, purchased the communities from developer A.G. Spanos, which completed both properties in 2024.
Located at 3761 E. Commerce Way and 7606 Klotz Ranch Court, the Zeta and Solasta communities collectively total 536 residential units. According to CBRE’s Marc Ross, CFA, who, along with Joe McNamara and Claire Holt, represented A.G. Spanos in the transaction, the properties set a new benchmark for luxury multifamily living in the region.
“A.G. Spanos has delivered two exceptional communities that set a new standard for luxury living in Sacramento,” said Ross. “Zeta and Solasta offer best-in-class amenities and prime locations, creating a strong foundation for Jackson Square Properties to capitalize on the region’s continued growth and demand for high-quality multifamily housing.”
Ross further noted that this marks Jackson Square Properties’ third acquisition in the Sacramento area within the past year, highlighting the company’s strategic expansion and investment in the region. “Jackson Square Properties was very professional throughout the entire process and a great buyer for the properties,” he added.
This acquisition reflects the ongoing demand for upscale rental housing in Sacramento, supported by a strong local economy and population growth.
