Friday, April 18, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Voit Real Estate completes multi-million-dollar complex sale

By
From page C7 | December 28, 2012 | Leave Comment

SACRAMENTO — Voit Real Estate Services’ Sacramento  office has successfully completed the $10.825 million acquisition of Westwood Apartments, a 182-unit multifamily apartment community located in Carmichael on behalf of the buyer. The community, which is comprised of 29 buildings situated on 6.69 acres, consists of apartments ranging from studios to three-bedroom units, according to Rod Ballinger of the Gallelli Investment Team, an assistant vice president in Voit’s Sacramento office.

Ballinger worked with Gary Gallelli, an executive vice president in Voit’s Sacramento office, to represent the buyer, Hill Westwood Holdings LLC, in the transaction.

“Sacramento’s multifamily market has been increasingly active over the past 12 months, especially among investors,” explained Ballinger. “With cap rates low and demand for product increasing, now is the time for buyers to make deals in the market.”

According to Ballinger, Voit’s client was seeking a well-located property with an abundance of on-site amenities.

“We know that Carmichael is a sought-after submarket in the Sacramento region, and we were successful in recognizing the value in this property and communicating that to our client,” he said.  “Westwood Apartments is known for its resort-like quality, presenting an ideal investment opportunity for Hill Westwood Holdings.”

The apartment community features an array of amenities, including a fitness center and pool, as well as balconies and in-unit fireplaces.

About Voit Real Estate Services

Voit Real Estate Services is now a 10-office commercial real estate firm that, through its brokerage and asset services professionals working together, provides strategic property solutions tailored to clients’ needs. Combining 40 years of expertise in brokerage, investment advisory, financial analysis, market research, asset management, tenant advisory and property management services, Voit provides clients with forward looking strategies that create value for their assets and portfolios.

Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people. Voit has owned, developed and managed over 50 million square feet of commercial real estate, participated in $1.4 billion of construction projects and completed over $36 billion in brokerage transaction volume.

Further information is available at voitco.com.

LEAVE A COMMENT

Discussion | No comments

.

News

Woman, dog back from Oso

By Wendy Schultz | From Page: A1, 8 Comments | Gallery

 
Goodbye LUPPU, hello LRPU

By Chris Daley | From Page: A1, 4 Comments

 
Past due state taxes bring arrest

By Cole Mayer | From Page: A1, 8 Comments

 
Sanford trial: Prosecution, defense rest

By Cole Mayer | From Page: A1 | Gallery

 
 
DA candidate to remain on ballot

By Dawn Hodson | From Page: A9

Dog talk with Uncle Matty: Benji and the Bickersons

By Matthew Margolis | From Page: A10

 
CPCSD seat unfilled

By Dawn Hodson | From Page: A14, 1 Comment

Lew Uhler backs Ranalli

By News Release | From Page: A14, 6 Comments

 
.

Letters

Evacuation

By Letters to the Editor | From Page: A7, 6 Comments

 
District 4 candidate

By Letters to the Editor | From Page: A7, 15 Comments

Open meetings

By Letters to the Editor | From Page: A7, 6 Comments

 
Volunteers and homeless camps

By Letters to the Editor | From Page: A7, 30 Comments

Bicycle events and traffic control

By Letters to the Editor | From Page: A7, 5 Comments

 
.

Sports

Jennings wins national title

By Democrat Staff | From Page: A11, 1 Comment | Gallery

 
Savannah Stephens can swing the bat

By Jerry Heinzer | From Page: A11 | Gallery

King of the West roars into Placerville

By Gary Thomas | From Page: A11

 
First and goal: Bunt etiquette

By Mike Bush | From Page: A11

Oak Ridge suffers tough 2-1 setback

By Mike Bush | From Page: A11

 
Roundup: April 17, 2014

By Democrat Staff | From Page: A12 | Gallery

.

Prospecting

Plantastic sale this Saturday

By Dawn Hodson | From Page: B1 | Gallery

 
Spring art brightens government center

By Democrat Staff | From Page: B2 | Gallery

Things to do: April 18, 2014

By Democrat Calendar | From Page: B2

 
Time out: A grand time at Grand China

By Earle Camembert | From Page: B3 | Gallery

Temple Kol Shalom hosts Passover Seder

By News Release | From Page: B3

 
Student art featured for Third Saturday

By News Release | From Page: B3

Promenade in high style

By Historic Old Sacramento | From Page: B4

 
Sac State Presents ‘Gypsy’

By California State Unversity, Sacramento | From Page: B4

Friday nights are engaging at the de Young

By Fine Arts | From Page: B5

 
See what is inside the vault

By Center For Sacramento History | From Page: B6

Eggstravaganza

By Fairytale Town | From Page: B6

 
Hats On For the Kids raises money for children

By Democrat Staff | From Page: B6

Gallery tips a hat to Dr. Seuss

By Democrat Staff | From Page: B7

 
Museum presents ‘Diesel Days’

By California State Railroad Museum | From Page: B7

Engagement: Adam Frega and Wednesday Bienusa

By Democrat Staff | From Page: B8

 
Duty: Air Force Airman Brian Polk

By Democrat Staff | From Page: B8

Cal Stage presents a season of challenging productions

By California Stage | From Page: B8

 
Duty: Army Pfc. Kyle W. Beasy

By Democrat Staff | From Page: B8

KVIE calls for artists

By Kvie | From Page: B9

 
A Couple of Blaguards tell tales

By Harris Center for the Arts | From Page: B9

America’s ClayFest II celebrates a rich history

By Blue Line Arts | From Page: B14

 
Fine Arts Museums feature two shows

By Fine Arts | From Page: B15

See wildflowers on train ride

By Railtown | From Page: B15

 
Easter at Northstar is family friendly

By Northstar California | From Page: B15

.

Essentials

Crime Log: March 28-30

By Cole Mayer | From Page: A2

 
.

Obituaries

Frank “Bud” Kraus Jr.

By Contributor | From Page: A2

 
Roy Cluness Chaix

By Contributor | From Page: A2

Frederick Wilbur Heymann

By Contributor | From Page: A2

 
Arthur W. Cornell

By Contributor | From Page: A2

.

Real Estate

Faster sales with spring staging

By Ken Calhoon | From Page: HS4

 
Coldwell Banker outsells the competition

Press Release | From Page: HS7

Handsome Redmond suits modern families

Press Release | From Page: HS11

 
Growing your own

By Marni Jameson | From Page: HS14

 
Fraud workshop scheduled

Press Release | From Page: HS21

HCD launches assistance program

Press Release | From Page: HS22, 1 Comment

 
EZ Mortgages Inc. opens Placerville office

By News Release | From Page: HS22, 2 Comments

.

Comics

TV Listings

By Contributor | From Page: A13

 
Sudoku

By Contributor | From Page: A13

Speed Bump

By Contributor | From Page: A13

 
Working It Out

By Contributor | From Page: A13

Shoe

By Contributor | From Page: A13

 
Rubes

By Contributor | From Page: A13

Tundra

By Contributor | From Page: A13

 
Horoscope, Saturday, April 19, 2014

By Contributor | From Page: A14

Horoscope, Friday, April 18, 2104

By Contributor | From Page: A14

 
New York Times Crossword

By Contributor | From Page: A14

Horoscope, Sunday, April 20, 2014

By Contributor | From Page: A14

 
.

Home Source

Faster sales with spring staging

By Ken Calhoon | From Page: HS4

Coldwell Banker outsells the competition

Press Release | From Page: HS7

Handsome Redmond suits modern families

Press Release | From Page: HS11

Growing your own

By Marni Jameson | From Page: HS14

Fraud workshop scheduled

Press Release | From Page: HS21

HCD launches assistance program

Press Release | From Page: HS22, 1 Comment

EZ Mortgages Inc. opens Placerville office

By News Release | From Page: HS22, 2 Comments