Sterling Developers: JV Acquires Sterling Pointe Apartment Community in Sacramento for $33M

SACRAMENTO - A joint venture between Ridge Capital Investors and Contrarian Capital Management has purchased Sterling Pointe, a Class B multifamily property located at 2237 and 2257 Hurley Way in the Arden-Arcade submarket of Sacramento. An undisclosed seller sold the property for $33 million. Built in 1972, Sterling Pointe features 250 apartments. The partnership plans [...]