WALNUT CREEK, CA - Sequoia announces the acquisition of Larkspur Woods, a 232-unit, garden-style apartment community located in Sacramento, California. Built in 1991, Larkspur Woods is a lush tree-lined oasis in this pocket of Natomas and is comprised of over 251,000 residential square feet situated on 16+ acres. This acquisition increases the firm's portfolio holdings to 14,120 units across 55 communities.
Larkspur Woods is located in the suburban, up-and-coming Natomas neighborhood, nestled between the I-5 & 80 freeways, it offers convenient access to Sacramento’s vibrant downtown corridor. With this ideal location and recent growth in the area,
Sequoia’s executive team voiced their enthusiasm over the unique opportunity that lies ahead of them. “Given the recent performance of its submarket, direct access one and two-car private garages, and large floorplan sizes, this community adds exceptional value for our investors and will exceed the expectation of today’s renter. Providing an exceptional customer experience has always been the backbone of Sequoia’s culture; Larkspur Woods will continue in this legacy.”
Sequoia will not only own the asset, but its management arm will provide the day-to-day operational services for the building as well. Sequoia thanks the sellers for the working relationship.
About Sequoia Equities, Inc. Established in 1986, Sequoia has always remained committed to its mission of striving to make the ordinary a little more special by inspiring our employees and creating communities where people can expect more out of everyday life. Over 25,000 residents come home to a Sequoia community at the end of the day. Offering more than just great locations and comfortable residences, each community is managed by a team of professionals dedicated to creating customer experiences that are consistently memorable and truly referral worthy.