Roseville senior housing sold for $16.55 million
Real estate investors continue to look for upside in Sacramento multifamily properties, even for older folks.
DiNapoli Capital Partners made such a move when it bought Alta Manors senior housing in Roseville earlier this month for $16.55 million.
Mike Garbers, managing director with deal broker Greystone Real Estate Advisors, said demographics are part of the reason. An aging population means more demand for senior housing such as Alta Manors, which was built in 2008 and has 86 units.