Newmark Announces Sale of 126-Unit Rivergate Apartments in West Sacramento

October 29, 2025 12:00 PM

Newmark announces the Company has arranged the sale of Rivergate Apartments, a 126-unit, value-add apartment community located at 900 Simon Terrace in West Sacramento, California. The property sold for an undisclosed amount.

Newmark Managing Director Will Blucher and Associate Wills Vlasek represented the seller, McCarty Sacramento Property LLC, in the disposition to a private buyer, IMG II, LLC.

“This transaction marks the property’s first sale in nearly 30 years and highlights sustained investor interest in Greater Sacramento’s rental housing market, with particular momentum in the West Sacramento submarket, one of the region’s premier growth areas,” said Blucher.

Less than three miles from Sacramento’s Central Business District, Rivergate Apartments offers 72 one- and 54 two-bedroom floor plans across 10 two-story buildings on a 3.59-acre parcel. Community amenities include a gated swimming pool, standalone leasing office, common area laundry facilities and spacious interior courtyards.

The property’s convenient location provides access to the region’s prominent employment, retail and recreation centers, with nearby retail amenities such as a grocery-anchored shopping center within walking distance and West Sacramento’s premier regional power center – anchored by IKEA, Home Depot and Walmart – just over a mile away. Additionally, the property is a short drive from Highway 50, Interstate 5 and Interstate 80, allowing for quick commute times throughout the Greater Sacramento Region.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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