Tesseract Capital Group (TCG) is pleased to announce its acquisition of the Meadowbrook Apartments in West Sacramento, CA. TCG went into contract on the asset in November 2021 and successfully closed the transaction in accordance with contracted terms. TCG worked with Dwight Mortgage Trust and Newmark to complete the transaction.
“TCG performed exceptionally well in the acquisition of Meadowbrook Apartments. I have worked with TCG on multiple transactions and they continually demonstrate their ability to perform—they are straightforward and reputable buyers with a solid track record of closing quickly.”
Will Blucher, Managing Director, Newmark
Located just west of the Sacramento River, this 92-unit property comes with an abundance of land area tucked in a quiet pocket near the city center. The property spans 68,690 SF of net rentable area and offers a wide array of amenities including spacious individual patios, swimming pools, covered parking, and in-unit air conditioning. The closing of Meadowbrook Apartments will signify TCG’s second acquisition in the Sacramento market.