Kenneth N. Blomsterberg

Overview

Ken has been in the real estate industry for over 30 years. Ken joined Marcus & Millichap in 1989 and has become one of the top brokers in the western United States specializing in the multi-family market. He was promoted to Senior Investment Associate in 1998, Vice President Investments in 2008 and First Vice President in 2009. He also serves as a Senior Director of Marcus & Millichap’s National Multi-Housing Group.

During the course of his career, Ken has closed more than $1.5 billion in commercial real estate investments and has been acknowledged almost every year as one of the company’s top agents.
 
He has represented clients such as A.G Spanos, Sentinel Real Estate Corporation, Silverwing Development, ConAm Management Corporation, Lyons Capital Ventures, La Salle Investments, The Grupe Company, Prime Group, Sequoia Equities, Midland Loan Servicing, Interland Corporation, Bridge Partners, Inc., Green Leaf Partners, JB Matteson, Standard Management, Fore Property Company, MG Properites and RPM Company.

During his career with Marcus & Millichap, Ken has closed over One Billion dollars in investment real
estate. Ken was nominated for Investment Broker of the Year in 1993, 1995, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009 and 2012 and Humanitarian of the Year in 1996 and 1997 by the Association of Commercial Real Estate Brokers of Sacramento. Ken was awarded the 2012 Reno Summit Award for "Investment Broker of the Year" and "Broker of the Year Overall."
 
Ken has been a guest speaker at various investment seminars and is a Director for Marcus & Millichap’s
National Multi Housing Group. Ken is on the Board of Directors for the Child Abuse Prevention Council of Sacramento and Prevent Child Abuse California.

Sacramento
Kenneth N. Blomsterberg

Kenneth N. Blomsterberg

First Vice President Investments
Tel: (916) 724-1400
Fax: (916) 724-1410

License:  CA  00669083
License:  NV  06886

Director - National Multi Housing Group
Associate Director - Special Asset Services Group

Promoted to Associate in June, 1993
Promoted to Senior Associate in June, 1995
Promoted to Senior Investment Associate in July, 1999
Promoted to Vice President Investments in January, 2008
Promoted to First Vice President Investments in November, 2009

University of California - Los Angeles, Bachelor of Science - Electrical Engineering

National Achievement Award - 2012, 2006, 2005, 2004, 2003, 2002, 2001, 2000, 1999, 1998
Sales Recognition Award - 2014, 2013, 2012, 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2001, 2000, 1999, 1998, 1997, 1996, 1995, 1994, 1993

Our Team

Kenneth N. Blomsterberg

Team Members:

  • Benjamin Nelson
    SIP
    (775) 348-5200

Transactions Closed

  • Slate Creek at Johnson Ranch

    Slate Creek at Johnson Ranch

    Multifamily

    Roseville, CA
    Price: $76,500,000
    Size: 638,040 sqft
    Size: 612 units
    Cap Rate: 6.33%

  • The Montebello at Summit Ridge

    The Montebello at Summit Ridge

    Multifamily

    Reno, NV
    Price: $56,000,000
    Size: 499,995 sqft
    Size: 450 units
    Cap Rate: 7.16%

  • Fairways Apartments

    Fairways Apartments

    Multifamily

    Citrus Heights, CA
    Price: $42,500,000
    Size: 475,352 sqft
    Size: 636 units
    Cap Rate: 8.55%

  • 4400 Truxel

    4400 Truxel

    Multifamily

    Sacramento, CA
    Price: $39,300,000
    Size: 281,584 sqft
    Size: 296 units
    Cap Rate: 6.32%

  • Broadstone at Strawberry Creek

    Broadstone at Strawberry Creek

    Multifamily

    Sacramento, CA
    Price: $36,000,000
    Size: 272,560 sqft
    Size: 264 units
    Cap Rate: 5.76%

  • The View

    The View

    Multifamily

    Reno, NV
    Price: $35,000,000
    Size: 317,744 sqft
    Size: 308 units
    Cap Rate: 6.55%

  • Rivercrest Apartments

    Rivercrest Apartments

    Multifamily

    Sacramento, CA
    Price: $34,500,000
    Size: 301,136 sqft
    Size: 328 units
    Cap Rate: 5.96%

  • Lakeside Village Apartments

    Lakeside Village Apartments

    Multifamily

    Reno , NV
    Price: $31,000,000
    Size: 283,666 sqft
    Size: 260 units
    Cap Rate: 4.76%

  • The Village at Wildcreek Apartments

    The Village at Wildcreek Apartments

    Multifamily

    Sparks, NV
    Price: $29,800,000
    Size: 230,472 sqft
    Size: 240 units
    Cap Rate: 5.30%

  • VENU at Galleria

    VENU at Galleria

    Multifamily

    Roseville, CA
    Price: $28,000,000
    Size: 219,075 sqft
    Size: 223 units
    Cap Rate: 6.41%

  • Somerfield at Lakeside

    Somerfield at Lakeside

    Multifamily

    Elk Grove, CA
    Price: $27,600,000
    Size: 280 units

  • Manzanita Gate Apartments Homes

    Manzanita Gate Apartments Homes

    Multifamily

    Reno, NV
    Price: $27,000,000
    Size: 324 units
    Cap Rate: 7.10%

  • The Boulders

    The Boulders

    Multifamily

    Reno, NV
    Price: $25,047,483
    Size: 276 units
    Cap Rate: 5.91%

  • Bristle Pointe

    Bristle Pointe

    Multifamily

    Reno, NV
    Price: $23,000,000
    Size: 213,256 sqft
    Size: 224 units
    Cap Rate: 6.53%

  • Waterford Apartments

    Waterford Apartments

    Multifamily

    Sparks, NV
    Price: $23,000,000
    Size: 240 units

  • Employers Insurance Co. HQ

    Employers Insurance Co. HQ

    Single-Tenant Office

    Reno, NV
    Price: $20,375,000
    Size: 79,533 sqft
    Cap Rate: 7.03%

  • Meadowood Court Center

    Meadowood Court Center

    Shopping Regional

    Reno, NV
    Price: $19,300,000
    Size: 112,000 sqft

  • Century Village

    Century Village

    Multifamily

    Las Vegas, NV
    Price: $19,100,000
    Size: 258 sqft
    Size: 258 units

  • Riverview Ranch Apartments

    Riverview Ranch Apartments

    Multifamily

    Sacramento, CA
    Price: $19,000,000
    Size: 225,686 sqft
    Size: 262 units

  • Parkway Manor

    Parkway Manor

    Multifamily

    Carson City, NV
    Price: $18,650,000
    Size: 171,328 sqft
    Size: 176 units
    Cap Rate: 7.63%

  • La Cuesta Apartments

    La Cuesta Apartments

    Multifamily

    Reno, NV
    Price: $18,300,000
    Size: 182,700 sqft
    Size: 204 units
    Cap Rate: 5.46%

  • Reno Tahoe Tech Center #1

    Reno Tahoe Tech Center #1

    Office

    Reno, NV
    Price: $18,100,000
    Size: 60,446 sqft
    Cap Rate: 7.14%

  • The Waterford Apartments

    The Waterford Apartments

    Multifamily

    Sparks, NV
    Price: $17,100,000
    Size: 201,344 sqft
    Size: 240 units
    Cap Rate: 7.20%

  • Bristle Pointe Apartments

    Bristle Pointe Apartments

    Multifamily

    Reno, NV
    Price: $16,750,000
    Size: 213,256 sqft
    Size: 224 units
    Cap Rate: 8.78%

  • Willow Creek Villas

    Willow Creek Villas

    Multifamily

    Sparks, NV
    Price: $16,720,000
    Size: 123,284 sqft
    Size: 152 units
    Cap Rate: 4.63%

  • Club Ambassador Apartments

    Club Ambassador Apartments

    Multifamily

    Reno, NV
    Price: $16,100,000
    Size: 237,421 sqft
    Size: 245 units
    Cap Rate: 8.86%

  • Sundance West

    Sundance West

    Multifamily

    Reno, NV
    Price: $15,940,000
    Size: 238,550 sqft
    Size: 350 units
    Cap Rate: 8.28%

  • Pepperwood Knoll

    Pepperwood Knoll

    Multifamily

    Citrus Heights, CA
    Price: $15,876,000
    Size: 264,172 sqft
    Size: 296 units

  • Woodside Village Apartments

    Woodside Village Apartments

    Multifamily

    Reno, NV
    Price: $14,900,000
    Size: 201,880 sqft
    Size: 250 units
    Cap Rate: 6.82%

  • Amherst Place

    Amherst Place

    Multifamily

    Sacramento, CA
    Price: $14,900,000
    Size: 136 units
    Cap Rate: 7.01%

  • Bristle Pointe Apartments

    Bristle Pointe Apartments

    Multifamily

    Reno, NV
    Price: $14,500,000
    Size: 213,256 sqft
    Size: 224 units
    Cap Rate: 9.21%

  • Creekside Apartments

    Creekside Apartments

    Multifamily

    Reno, NV
    Price: $14,450,000
    Size: 226,464 sqft
    Size: 224 units
    Cap Rate: 8.77%

  • The Waterford Apartments

    The Waterford Apartments

    Multifamily

    Sparks, NV
    Price: $13,875,000
    Size: 201,344 sqft
    Size: 240 units
    Cap Rate: 8.91%

  • Mountain Meadows

    Mountain Meadows

    Multifamily

    Sparks, NV
    Price: $13,000,000
    Size: 154,020 sqft
    Size: 131 units
    Cap Rate: 5.74%

  • Creekside Apartments

    Creekside Apartments

    Multifamily

    Reno, NV
    Price: $12,800,000
    Size: 226,464 sqft
    Size: 224 units
    Cap Rate: 10.52%

  • Willowbrook Apartments

    Willowbrook Apartments

    Multifamily

    Reno, NV
    Price: $12,700,000
    Size: 184 units
    Cap Rate: 6.18%

  • Wildcreek Townhomes

    Wildcreek Townhomes

    Land - Multi-Family

    Sparks, NV
    Price: $12,400,000
    Size: 311,890 sqft

  • Bristle Pointe Apartments

    Bristle Pointe Apartments

    Multifamily

    Reno, NV
    Price: $11,950,000
    Size: 213,256 sqft
    Size: 224 units
    Cap Rate: 12.66%

  • Watercrest

    Watercrest

    Multifamily Tax Credit

    Sacramento, CA
    Price: $11,000,000
    Size: 165,198 sqft
    Size: 206 units
    Cap Rate: 6.64%

  • Sundance West

    Sundance West

    Multifamily

    Reno, NV
    Price: $10,415,000
    Size: 238,550 sqft
    Size: 350 units

  • Century Village Apts.

    Century Village Apts.

    Multifamily

    Las Vegas, NV
    Price: $10,100,000
    Size: 207,656 sqft
    Size: 258 units

  • Riverglen

    Riverglen

    Multifamily

    Sacramento, CA
    Price: $9,700,000
    Size: 100 units
    Cap Rate: 4.86%

  • Skyline, Skyview & Southridge

    Skyline, Skyview & Southridge

    Multifamily Tax Credit

    Reno, NV
    Price: $9,300,000
    Size: 233,530 sqft
    Size: 293 units
    Cap Rate: 5.53%

  • Sommersett Hills

    Sommersett Hills

    Multifamily

    Roseville, CA
    Price: $9,000,000
    Size: 111,837 sqft
    Size: 124 units

  • Century Park

    Century Park

    Multifamily

    Reno, NV
    Price: $8,900,000
    Size: 122,000 sqft
    Size: 160 units
    Cap Rate: 6.82%

  • Mountain Meadows

    Mountain Meadows

    Multifamily

    Sparks, NV
    Price: $8,600,000
    Size: 154,020 sqft
    Size: 131 units
    Cap Rate: 9.01%

  • Red Rock Plaza

    Red Rock Plaza

    Shopping Strip

    Dinuba, CA
    Price: $8,450,000
    Size: 38,716 sqft
    Cap Rate: 7.14%

  • The Timbers

    The Timbers

    Student Housing

    San Marcos, TX
    Size: 112,966 sqft
    Size: 155 units
    Cap Rate: 6.40%

  • Northgate Villas

    Northgate Villas

    Multifamily

    Reno, NV
    Price: $8,300,000
    Size: 90,728 sqft
    Size: 116 units
    Cap Rate: 5.78%

  • Willowbrook Apartments

    Willowbrook Apartments

    Multifamily

    Reno, NV
    Price: $8,030,000
    Size: 184 units
    Cap Rate: 19.14%

  • Gold's Gym

    Gold's Gym

    Net Leased Fitness Center

    Reno, NV
    Price: $7,850,000
    Size: 33,067 sqft
    Cap Rate: 7.48%

  • Lincoln Arms

    Lincoln Arms

    Multifamily

    Sparks, NV
    Price: $7,600,000
    Size: 128 units
    Cap Rate: 7.14%

  • Summerfield Place

    Summerfield Place

    Multifamily

    Citrus Heights, CA
    Price: $7,575,000
    Size: 67,100 sqft
    Size: 100 units
    Cap Rate: 6.10%

  • Mountain Meadows

    Mountain Meadows

    Multifamily

    Sparks, NV
    Price: $7,400,000
    Size: 154,020 sqft
    Size: 131 units
    Cap Rate: 9.08%

  • Mountain Meadows

    Mountain Meadows

    Multifamily

    Sparks, NV
    Price: $7,200,000
    Size: 154,020 sqft
    Size: 131 units

  • Lake Ridge

    Lake Ridge

    Multifamily

    Fresno, CA
    Price: $7,100,000
    Size: 159,240 sqft
    Size: 200 units
    Cap Rate: 9.34%

  • Woodside Terrace

    Woodside Terrace

    Multifamily

    Carson City, NV
    Price: $7,050,000
    Size: 93,380 sqft
    Size: 171 units
    Cap Rate: 2.51%

  • Eastmark at Wolfpen

    Eastmark at Wolfpen

    Student Housing

    College Station, TX
    Size: 142,496 sqft
    Size: 176 units
    Cap Rate: 7.85%

  • Century Park

    Century Park

    Multifamily

    Reno, NV
    Price: $6,500,000
    Size: 122,000 sqft
    Size: 160 units
    Cap Rate: 9.45%

  • Red Rock Plaza

    Red Rock Plaza

    Shopping Strip

    Fresno, CA
    Price: $6,000,000
    Size: 15,645 sqft
    Cap Rate: 6.26%

  • Olive Tree Apartments

    Olive Tree Apartments

    Multifamily

    Roseville, CA
    Price: $6,000,000
    Size: 147,674 sqft
    Size: 181 units
    Cap Rate: 8.52%

  • Madison at Bear Creek

    Madison at Bear Creek

    Multifamily

    Houston, TX
    Size: 138,448 sqft
    Size: 180 units
    Cap Rate: 7.56%

  • Green Leaf Pines

    Green Leaf Pines

    Multifamily

    Reno, NV
    Price: $5,925,000
    Size: 90,728 sqft
    Size: 116 units
    Cap Rate: 6.60%

  • Tuscany Village Apartments

    Tuscany Village Apartments

    Multifamily

    Carmichael, CA
    Price: $5,750,000
    Size: 83,140 sqft
    Size: 114 units
    Cap Rate: 6.78%

  • Woodland Oaks

    Woodland Oaks

    Multifamily

    Woodland, CA
    Price: $5,650,000
    Size: 62,112 sqft
    Size: 80 units
    Cap Rate: 6.13%

  • Century Park

    Century Park

    Multifamily

    Reno, NV
    Price: $5,580,000
    Size: 122,000 sqft
    Size: 160 units
    Cap Rate: 18.73%

  • North Foothill Apartments

    North Foothill Apartments

    Multifamily

    Reno, NV
    Price: $5,405,000
    Cap Rate: 11.99%

  • Best Western Mccarran House

    Best Western Mccarran House

    Hotel/Motel

    Sparks, NV
    Price: $5,250,000
    Size: 144,150 sqft
    Size: 220 units
    Cap Rate: 14.05%

  • Vintage Faire

    Vintage Faire

    Multifamily

    Rancho Cordova, CA
    Price: $5,200,000
    Size: 112 units
    Cap Rate: 8.50%

  • Sunset Ridge

    Sunset Ridge

    Multifamily

    Antelope, CA
    Price: $5,100,000
    Size: 96 units

  • Ramada Limited

    Ramada Limited

    Hotel/Motel

    Rocklin, CA
    Price: $5,000,000
    Size: 35,000 sqft
    Size: 104 units
    Cap Rate: 14.90%

  • Horseshoe Apartments

    Horseshoe Apartments

    Multifamily

    Carson City, NV
    Price: $4,900,000
    Size: 53,218 sqft
    Size: 98 units
    Cap Rate: 6.01%

  • Skyline Apartments

    Skyline Apartments

    Multifamily

    Grand Prairie, TX
    Size: 125,800 sqft
    Size: 148 units
    Cap Rate: 10.20%

  • Seville Apartments

    Seville Apartments

    Multifamily

    Oakland, CA
    Price: $4,525,000
    Size: 31,982 sqft
    Size: 48 units
    Cap Rate: 7.06%

  • Grove Manor

    Grove Manor

    Multifamily

    Reno, NV
    Price: $4,375,000
    Size: 80 units
    Cap Rate: 6.52%

  • Northgate Villas

    Northgate Villas

    Multifamily

    Reno, NV
    Price: $4,320,000
    Size: 90,728 sqft
    Size: 116 units

  • Windsong Apartments

    Windsong Apartments

    Multifamily

    Sparks, NV
    Price: $4,175,000
    Size: 71 units
    Cap Rate: 7.80%

  • The Park at Idlewild

    The Park at Idlewild

    Multifamily

    Reno, NV
    Price: $4,137,500
    Size: 98,747 sqft
    Size: 113 units
    Cap Rate: 7.28%

  • Sierra Vista Retail

    Sierra Vista Retail

    Shopping Strip

    Clovis, CA
    Price: $4,100,000
    Size: 8,285 sqft
    Cap Rate: 6.81%

  • Sheraton Four Points Hotel

    Sheraton Four Points Hotel

    Hotel/Motel

    St. George, UT
    Price: $3,800,000
    Size: 98 units
    Cap Rate: 4.16%

  • Multifamily

    Yuba City, CA
    Price: $3,700,000
    Size: 92 units
    Cap Rate: 10.01%

  • Sierra Springs Apartments

    Sierra Springs Apartments

    Multifamily Tax Credit

    Carson City, NV
    Price: $3,600,000
    Size: 82,206 sqft
    Size: 90 units
    Cap Rate: 9.48%

  • Holly Courts

    Holly Courts

    Multifamily Tax Credit

    West Sacramento, CA
    Price: $3,561,028
    Size: 169,964 sqft
    Size: 174 units
    Cap Rate: 40.32%

  • Windsong Apartments

    Windsong Apartments

    Multifamily

    Sparks, NV
    Price: $3,500,000
    Size: 71 units
    Cap Rate: 8.98%

  • Travelodge Reno Central

    Travelodge Reno Central

    Hotel/Motel

    Reno, NV
    Price: $3,500,000
    Size: 211 units

  • Royal Vista Apartments

    Royal Vista Apartments

    Multifamily

    Carson City, NV
    Price: $3,275,000
    Size: 54,300 sqft
    Size: 98 units
    Cap Rate: 8.80%

  • Woodside Glen Apartments

    Woodside Glen Apartments

    Multifamily

    Woodland, CA
    Price: $3,250,000
    Size: 58,440 sqft
    Size: 72 units
    Cap Rate: 8.51%

  • Art Associates Building

    Art Associates Building

    Net Leased Miscellaneous

    Reno, NV
    Price: $3,100,000
    Size: 13,048 sqft
    Cap Rate: 6.06%

  • Maple Ridge

    Maple Ridge

    Multifamily

    Modesto, CA
    Price: $3,050,000
    Size: 68 units
    Cap Rate: 9.02%

  • Oak Grove Apartments

    Oak Grove Apartments

    Multifamily

    Elk Grove, CA
    Price: $2,975,000
    Size: 39,040 sqft
    Size: 48 units
    Cap Rate: 7.83%

  • Winnie Lane Apartments

    Winnie Lane Apartments

    Multifamily

    Carson City, NV
    Price: $2,900,000
    Size: 38,520 sqft
    Size: 36 units
    Cap Rate: 6.17%

  • Sierra Ridge Apartments

    Sierra Ridge Apartments

    Multifamily

    Tehachapi, CA
    Price: $2,900,000
    Size: 59,200 sqft
    Size: 72 units
    Cap Rate: 11.00%

  • Pineridge Apts

    Pineridge Apts

    Multifamily

    Roseville, CA
    Price: $2,725,000

  • Grove Garden Condominiums Portfolio

    Grove Garden Condominiums Portfolio

    Multifamily

    Reno, NV
    Price: $2,710,000
    Size: 29,070 sqft
    Size: 42 units
    Cap Rate: 6.23%

  • Oakridge

    Oakridge

    Multifamily

    Rocklin, CA
    Price: $2,688,000
    Size: 01 sqft
    Size: 12 units

  • Harvard Court

    Harvard Court

    Multifamily

    Reno, NV
    Price: $2,650,000
    Size: 34,100 sqft
    Size: 44 units
    Cap Rate: 7.52%

  • Country Club Villas

    Country Club Villas

    Multifamily

    Reno, NV
    Price: $2,450,000
    Size: 33,700 sqft
    Size: 50 units
    Cap Rate: 6.89%

  • Royal Oak Apartments

    Royal Oak Apartments

    Multifamily

    Reno, NV
    Price: $2,435,000
    Size: 25,856 sqft
    Size: 32 units
    Cap Rate: 6.06%

  • Atwood Village

    Atwood Village

    Multifamily

    Auburn, CA
    Price: $2,400,000
    Size: 21,696 sqft
    Size: 16 units
    Cap Rate: 7.15%

  • Ramada Limited & Suites

    Ramada Limited & Suites

    Hotel/Motel

    Salt Lake City, UT
    Price: $2,375,000
    Size: 59 units
    Cap Rate: 2.01%

There are additional transactions closed, contact us for more.