Business & Real Estate

Sprawling Sacramento apartment complex bought by Bay Area firm

The nearly 800-unit Natomas Ridge apartment complex in Sacramento, one of the largest in the region, has been sold to Larkspur-based Virtu Investments.

The website of Atlanta-based ARA Real Estate Investment Services, which oversaw the sale, lists the transaction price as $62 million.

Natomas Ridge at 2025 W. El Camino Ave., was built in 1979. It has one- and two-bedroom apartment units, three swimming pools, two spas, a fitness center, a tennis court and covered parking.

Virtu says it has acquired more than 95 properties, valued at more than $1 billion, and 12,000 apartment units across the western United States over the past 15 years.