CONAM Strategic Investments Fund IV (sponsored by The CONAM Group) has acquired Sonterra Apartments, a 136-unit multifamily community in Roseville, California. The acquisition expands the firm’s presence in the Sacramento region. It represents a new addition to the Fund IV portfolio as it continues to pursue growth in high-demand markets across the United States.
The garden-style community, built in 2001, comprises ten two-story buildings spanning 6.66 acres and offers a range of amenities designed to appeal to families and working professionals. Features include a 24-hour fitness center, resort-style pool and spa, resident clubhouse, leasing office, outdoor barbecue areas, a fireplace lounge space, picnic areas, package lockers, and a bocce ball court.
More than 95 percent of the apartment interiors have been renovated, with 132 of the units featuring hardwood flooring, stainless steel appliances, granite countertops, and updated cabinetry. Each residence features a private patio or balcony, and second-floor units boast vaulted ceilings that reach up to 16 feet, offering additional natural light and an open interior feel.
Sonterra is located in Roseville, one of the Sacramento region’s strongest and most established suburban markets. The area benefits from close proximity to major employment centers, including Sutter Health, Kaiser Permanente, Hewlett Packard Enterprise, Penumbra, and Oracle. Roseville is known for strong household income levels, highly rated school systems, and retail and transportation infrastructure that continues to attract tenants seeking a balance between job accessibility and suburban living.
The acquisition supports the broader objectives of CONAM Strategic Investments Fund IV, which focuses on acquiring and operating multifamily communities in areas experiencing sustained population growth and limited new supply. CONAM plans to continue evaluating similar opportunities across its targeted national markets.
KEY QUOTE:
“Sonterra represents the type of institutional-quality asset that aligns perfectly with our investment strategy — high-performing suburban communities in markets with strong demographics and barriers to new supply. Sonterra further complements our existing portfolio in the Sacramento market where CONAM has been a long-time owner operator.”
Zach Markell, Acquisitions Director, CONAM
