Marcus & Millichap Arranges the Sale of the Delta Cove Senior Apartments located in Sacramento

SACRAMENTO, Calif., May 31, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Delta Cove, a 104-unit, age-restricted apartment property located in Sacramento, California.

“After more than twenty years of ownership, the family owner/operator decided that the time had come to sell. The partnership chose to engage Marcus & Millichap to quietly market their property for sale,” shared Rob Reis, senior vice president investments in Marcus & Millichap’s San Francisco office. “The buyer is a regional owner/operator of workforce housing communities and the transaction closed at the agreed-upon price after a collaborative and efficient process.” Reis and Jon Holmquist, senior managing director investments in the firm’s San Francisco office, marketed the property on behalf of the seller, an individual/personal trust. The buyer, a limited liability company, was also procured by Holmquist and Reis.

Delta Cove is located at 6800 Woodbine Avenue in Sacramento, California. The senior 55+ community offers studios with common area amenities such as controlled access, community room, dining room, meal service and exercise classes as well as in-unit amenities such as hardwood floors, air conditioning and full kitchens with a dishwasher.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.