Tesseract Capital Group (TCG) is pleased to announce its recent acquisition of Westlake Apartments, a 148-unit community located within the highly desirable Pocket-Greenhaven neighborhood of Sacramento, CA. TCG went into contract on the asset in September 2021 and successfully closed the transaction in accordance with originally contracted terms. TCG worked with KeyBank Real Estate Capital (KBREC) and Newmark to complete the transaction.
“TCG executed flawlessly in the acquisition of Westlake Apartments. They performed exactly how they said they would, and the entire team was a pleasure to work with. TCG’s professionalism and execution set them apart from other buyers.”
Will Blucher, Managing Director, Newmark
The property spans 139,996 SF of net rentable area and offers a wide array of amenities including spacious individual patios, a swimming pool, assigned parking, in-unit air conditioning, lakeside barbeques, and a private boat dock. The closing of Westlake Apartments will signify TCG’s first acquisition in the Sacramento market.