CBRE Announces $161.5 Million Sale of 536-Unit Luxury Apartment Portfolio in Sacramento

CBRE announced it arranged the $161.5 million sale of Zeta Luxury Apartments and Solasta Luxury Apartments, a multifamily portfolio in Sacramento, to Jackson Square Properties.

CBRE’s Marc Ross, CFA, Joe McNamara and Claire Holt represented the seller, A.G. Spanos.

Both the Zeta and Solasta Luxury Apartments were developed by A.G. Spanos and completed in 2024.

• Zeta Luxury Apartments: Located at 3761 E. Commerce Way, the property features 270 units with studio, one- and two-bedroom floor plans. Amenities include a resort-style saltwater pool, 24-hour athletic center, pickleball courts and a luxury clubhouse with gaming tables, movie lounge, a demonstration kitchen, gourmet coffee bar, beer and wine on tap and private work areas. Zeta is situated in the North Natomas submarket, offering residents quick access to major job centers and abundant amenities.
• Solasta Luxury Apartments: Located at 7606 Klotz Ranch Ct., the property has 266 units with one-, two- and three-bedroom floor plans. Amenities include a heated saltwater swimming pool, rooftop deck with a fireplace and outdoor TVs, and upscale resident lounge with gaming tables and a demonstration kitchen. Solasta is located in the Pocket-Greenhaven submarket, providing easy access to Downtown Sacramento and major employers.

“A.G. Spanos has delivered two exceptional communities that set a new standard for luxury living in Sacramento,” said Ross, executive vice president at CBRE. “Zeta and Solasta offer best-in-class amenities and prime locations, creating a strong foundation for Jackson Square Properties to capitalize on the region’s continued growth and demand for high-quality multifamily housing.”

Ross continued, “This is Jackson Square’s third acquisition in the Sacramento area in the last year, marking their expansion and commitment to the region. Jackson Square Properties was very professional throughout the entire process and a great buyer for the properties.”

Multifamily investment volume rose by 7.5% year-over-year to $108 billion in the first three quarters of 2025, according to CBRE Research. In Q3 2025, the multifamily sector had the largest share of total commercial real estate investment volume at 38%.