George Smith Partners has successfully arranged $85.8 million in construction financing on behalf of 29th Street Capital and Bridge Investment Group 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.
The GSP advisory team was led by Managing Director Shahin Yazdi with support from SVP Miles Musalman and VP Kyle Redmond. “This project is set to be a vital addition to the Sacramento community,” said Yazdi, “providing much needed housing and creating jobs in the area.”
Phase A of this development will consist of studios, one-, two-, and three bedroom apartments as well as 839,000 square feet of office space upon full buildout along with 146,000 square feet dedicated to retail use.
