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 of this year.
The GSP advisory team was led by managing director Shahin Yazdi along with SVP Miles Musalman and VP Kyle Redmond. “This project will be an invaluable addition to the Sacramento community,” said Yazdi,” providing much needed housing options while creating jobs in the area.” Phase A consists of studios, one-, two-, and three bedroom apartments as well as 839,000 square feet of office space and 146,000 square feet retail at full buildout completion.
