Marquis Residences Announces Sky Townhomes Now Available; Downtown Miami’s Most Luxurious Address Releases New-To-Market Townhomes

 Miami, FL –  Marquis Residences (top left photo) – the stunning, 67-story skyscraper condominium in Downtown Miami – is now offering 14 never-before-on-the-market luxury Sky Townhomes for sale, giving buyers yet another way to live the Marquis lifestyle.

“These Sky Townhomes now available at Marquis are a unique opportunity for buyers, as homes like these are not typically seen in high rise condos,” says Wendy Marks Pine (middle right photo) of Cervera Real Estate, the Sales Director at Marquis Residences.

“The supreme privacy, breathtaking views and impeccably styled interiors are the perfect combination for these homes to sell quickly,” she continues.

The glamorous two-bedroom, two-and-a-half bathroom, tri-level homes – located on the 14th floor overlooking Marquis’s sky pool deck and Asian-inspired gardens – feature private and direct access to the parking garage and will be furnished exclusively by the acclaimed design specialists at Artefacto.

Led by CEO Paulo Bacchi (lower left photo), Artefacto’s team will masterfully create the interiors of each of the 14 homes, fashioning a contemporary aesthetic that flatters the Arquitectonica designed building.

This marks an expansion of the successful partnership between the property and the Brazilian design firm, which has already created several model units at Marquis, each of which sold upon completion.

For more information, contact the sales office at 305-571-4000, visit www.Marquis-Miami.com or stop by the sales office at 1100 Biscayne Boulevard.

Contact:

Robin Diamond

Hundred Stories PR

Phone:  (305) 903 - 5444

Email: rdiamond@hundredstoriespr.com

Greystar Appoints Hutchinson to Spearhead Southeast Growth

Atlanta, GA – Greystar, the nation’s largest multifamily real estate management firm, has appointed Ray Hutchinson (top right photo) as Senior Managing Director of Real Estate.

Based in Greystar’s Atlanta office, he is now responsible for the firm’s property management operations throughout the Southeast, which includes Georgia, Alabama, Tennessee, the Carolinas and Kentucky.

 “We expect significant growth from our clients in both Florida and the Southeast, said Andrew Livingstone (lower left photo), Executive Managing Director for Greystar. “These expectations, coupled with our desire to maintain the high level of customer service they have come to expect, drove our decision to establish them as separate regions,” he added. “We look forward to Ray continuing to drive our growth and customer satisfaction in the Southeast.”

The Atlanta Business Chronicle’s 2011-2012 Book of Lists already ranks Greystar first in the Atlanta market. It also tops The National Multi-Housing Council’s 2011 list of Top 50 Apartment Managers. The team’s goal is to increase the number of apartment units under management in the Southeast to 60,000 – 25,000 in the Atlanta area alone – within five years.

 Hutchinson was previously a principal and co-founder of Allegiant Residential, a privately-held firm based in Birmingham. He also has almost two decades of REIT experience, serving in senior positions with both Colonial Properties and Summit Properties. Those past experiences have allowed Hutchinson to develop a strong circle of influence in the Southeast.

 “My 17 years with public REITs, which gave me operational, investment and development experience, have helped me establish strong relationships with owners, operators, brokers and land sellers across the Southeast,” Hutchinson said.

  For more information, visit www.Greystar.com.

Contact:

Terri Thornton

404-932-4347 

www.TerriThornton.com

Jones Lang LaSalle Orchestrates Building Sale; New Lease for Sealy Manufacturing in Phoenix, AZ

 PHOENIX, AZ – The Phoenix office of Jones Lang LaSalle has completed a building sale and relocation that consolidates four local manufacturing operations for Sealy Mattress Co. into one larger location, and keeps one of the world’s largest bedding brands in the Phoenix market.

Managing Directors Anthony J. Lydon (top right photo), SIOR, and Marc Hertzberg (middle left photo), SIOR, of Jones Lang LaSalle represented property buyer DCT Industrial Trust Inc. (NYSE: DCT) in its $1.8 million purchase of the former Sealy building, located at 48th Avenue and Van Buren Street.

Colorado-based DCT is a leading U.S. real estate company that specializes in high-quality bulk distribution and light industrial properties. DCT plans to lease the building and hold the property in its portfolio, which at the end of third quarter 2011 totalled 78.4 million square feet of space that it owned interests in, managed or had under development.

 Sealy will move to 125 S. 67th Ave. in Phoenix, where it has committed to a 10-year, 120,801-square-foot lease in the Five Star Distribution Center (lower right photo).

Lydon and Hertzberg represented the Center’s builder, Scottsdale, Ariz.-based Five Star Development, an integrated real estate development company specializing in management, development and investment around the globe.

Sealy was represented in both transactions by Dev Gupta, Vice President at UGL Services – Equis Operations in Phoenix, and Scott Goldman, Executive Vice President at UGL Services – Equis Operations in Chicago. The manufacturer will move to its new space in the Five Star Distribution Center by June 2012.

“Sealy’s challenge was compounded by a limited number of space solutions that matched the optimal building dimensions for its manufacturing process,” said Lydon.

The former Sealy facility totals 76,401 square feet of warehouse/distribution space at 4802 W. Van Buren St., just one mile south of I-10 in Phoenix. Lydon and Hertzberg have been named the exclusive leasing agents for the property and are now marketing the building, which totals 76,401 square feet (3,828 square feet of office; 2,088 square feet second-story office).

Five Star Distribution Center sits in a major transportation corridor, is in close proximity to I-10 and the Loop 101 freeway, and is adjacent to the Union Pacific Railroad. Sealy will fill approximately half of a 251,668-square-foot building in the Center.

The other half of the building is occupied by CVS. Other corporate neighbors include Swift Transportation, Holsum Bakery, Target Distribution and Alliance Beverage.

For more news, videos and research resources on Jones Lang LaSalle, please visit our U.S. media center Web page. www.joneslanglasalle.com.

About

Additional information on DCT Industrial Trust Inc. ® is available at www.dctindustrial.com.

Contact:

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Stan Johnson Co. Opens Atlanta Office

                              

 ATLANTA, GA  (Feb. 24, 2012) – Stan Johnson Company, one of the nation’s leading real estate brokerage and advisory firms specializing in net-lease investment sales, announced today the continuation of its national expansion plans with the opening of a new regional office in Atlanta, Georgia, located at 3340 Peachtree Road.

 In connection with the new office opening, Stan Johnson Company announced the hire of two top performing Atlanta real estate professionals— Britton Burdette (top right photo) and Andrew Ackerman (top left photo).

Burdette comes to Stan Johnson Company from Marcus & Millichap, where he specialized in Office and Industrial Sales. He was recognized as the number 11 agent nationally within the firm’s National Office & Industrial Properties Group in 2011 and was the overall top performing Office & Industrial Agent in the Atlanta office. In 2011, Burdette closed more than $36 million office and industrial investment sale transactions.

Prior to joining Stan Johnson Company,  Ackerman co-founded and served as president for Smith Attaway  Company, a commercial real estate development service company focused on real estate brokerage and development. He spent the previous five years as a broker with Marcus & Millichap where he focused on multi-tenant and single tenant retail.

The Atlanta office launch comes on the heels of the company’s record-breaking year in 2011.

“We’re excited about this next evolution in our expansion plans and the addition of these two, talented net lease professionals to the Stan Johnson Company team,” said Harold Briggs (lower right photo), Executive Managing Director.  “The Atlanta office allows us to better serve our existing client base in the Southeast region while opening up new opportunities for future growth.” 

The company has executed an aggressive expansion strategy beginning in 2008 with the opening of the Houston office. Since that time, Stan Johnson Company has opened offices in Chicago, Los Angeles, New York, and now Atlanta. 

 For more information regarding job opportunities with Stan Johnson Company, visit http://www.stanjohnsonco.com/careers/job_listings.aspx.

Contact:        

Dave Ebeling

Ebeling Communications

(9490) 278-7851

david@ebelingcomm.com                             

Faris Lee Investments Completes $7.85 Million Sale of Retail Property Occupied by Sports Authority to Overseas Asian Investor in Moreno Valley, CA

  

IRVINE, CA,  Feb. 24, 2012 – Faris Lee Investments, the nation’s largest retail-specialized investment advisory firm, has completed the $7.85 million sale of a 40,000 square foot retail property occupied by Sports Authority in Moreno Valley (Riverside County, Calif.)

Built in 2009 and situated on 3.35 acres, the property is located at 12450 Day Street within the area’s main retail corridor at the intersection of the 60 and 215 freeways.

Dennis Vaccaro (top right photo) and Donald MacLellan (middle left photo) of Faris Lee Investments represented the seller, Gateway Company, L.C. from Newport Beach, Calif. The all-cash buyer, Day Moreno Valley LLC, was an investor from China who was represented by a Michigan-based advisor.  Escrow on the property closed in just 28 days.

“The Moreno Valley retail market has been depressed and there were several big box store vacancies near the Sports Authority location, however, the market is in a slow recovery and the location is prime – within the area’s main retail corridor directly off two major freeways,” said Vaccaro.

The transaction was not without its challenges as the tenant has just eight years left on its lease and there were no rental increases remaining on the primary lease term.

“Our marketing strategy was to gain international exposure through our proprietary database of buyers and brokers,” said MacLellan. “Faris Lee generated eight offers and identified an international buyer who was willing to view this as a longer term investment.”

Sports Authority is located within the TownGate Crossing retail center and its freeway-adjacent location is known as the “Gateway” to northeast Riverside and western Riverside County.

It is also adjacent to the Moreno Valley Mall (middle right photo), a two-level 1.1 million square foot super-regional mall anchored by Macy’s, Sears, JC Penney, and Harkins 16-Screen Theatre.

Dubbed the Day Street retail corridor which totals approximately 3.5 million square feet, the shopping district services the University of California, Riverside, as well as the affluent communities of Canyon Crest, Wood Crest, Orange Crest, and Victoria.

“This property is another example of the demand for net-leased retail investments in well located, highly populated secondary and tertiary markets,” said Rick Chichester (lower left photo), chief operating officer with Faris Lee Investments.

“Faris Lee continues to see big box properties that have long-term leases being sought after by investors as well as big box properties like this one with a shorter lease, presenting a value-added play once the market recovers.

 For more information, please visit www.farislee.com.

Contact:              

Darcie Giacchetto, 949.278.6224

Spaulding Thompson & Associates

For Faris Lee Investments

                              

HFF named to market for sale Wells Fargo Center in Winston-Salem, NC

  

 CHICAGO, IL – HFF announced that it has been named to market for sale Wells Fargo Center (top left photo), a 549,065-square-foot, Class A office tower in Winston-Salem, North Carolina.

HFF is marketing the property on behalf of the seller, 601W Companies.  The property is listed without a formal asking price free and clear of debt.

Wells Fargo Center is a 29-story office tower that is 95.8 percent leased to tenants including Wells Fargo, Deutsche Bank Securities, Morgan Stanley Smith Barney, the Department of Veterans Affairs and Wake Forest University Health Sciences. 

Wells Fargo (S&P AA-) leases 60 percent of the property with 12.75 years of remaining lease term providing safety and security of income. Completed in 1995, the property also features an 1,015-space adjacent parking garage. 

Wells Fargo Center is located at 100 North Main Street in Winston-Salem’s central business district.

The HFF investment sales team representing the seller is led by senior managing directors Jaime Fink (top right photo), Jeff Bramson (middle left photo), and Jeff Hollinden.

“This Cesar Pelli-designed trophy office tower is a truly unique landmark on the Winston-Salem skyline, transcends the local market, and features an exceptional first class tenancy that is on par with the institutional quality of the property,” said Fink.

“The property’s long term credit tenancy embodies the essential characteristics of a highly secured investment grade bond, with the added benefit of residual value appreciation.  Wells Fargo Center provides an investor a steady, secure annually increasing income stream with 10.4 years of average lease term remaining and investment grade caliber tenancy,” added Bramson.

Contacts: 

         

JEFFREY M. BRAMSON                 JAIME M. FINK                                    

HFF Senior Managing Director        HFF Senior Managing Director       

(312) 528-3650                                  (312) 528-3650                                   

jbramson@hfflp.com                          jfink@hfflp.com                                  

                                           

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com

HFF secures financing for 1201 Indiana near downtown Indianapolis

INDIANAPOLIS, IN – HFF announced that it has secured financing for 1201 Indiana Townhouses & Apartments (“1201 Indiana”) (top left photo), a 253-unit / 667-bed, Class A, student-oriented, urban apartment community near Indiana University-Purdue University Indianapolis (IUPUI)  (lower left photo)in Indianapolis, Indiana.

HFF worked on behalf of the borrower, a joint venture between Trinitas Ventures (“Trinitas”) and Harrison Street Real Estate Capital (“HSRE”), to arrange permanent financing to replace the borrower’s construction bank loan.

The financing was secured through M&T Realty Capital Corporation as a Fannie Mae execution.  1201 Indiana represents the third financing that HFF / M&T have secured for Trinitas and HSRE joint venture-owned projects.

Completed in 2011, 1201 Indiana serves the more than 30,000 students of IUPUI.  The property is a four-story, mid-rise building with one-, two-, three- and four-bedroom luxury furnished units averaging 1,160 square feet each. 

Community amenities include an oversized pool and sundeck, clubhouse, 24-hour fitness center, tanning beds, security, and shuttle service access to and from IUPUI.  1201 Indiana has an urban infill location in close proximity to IUPUI’s campus on the west side of downtown Indianapolis.  Access to campus is provided by a university bus stop at the property.

The HFF team representing the borrower was led by managing director Jon Everson (middle right photo).

Trinitas Ventures and Harrison Street Real Estate Capital are experienced owners and managers of student-oriented multi-housing communities throughout the United States. 

Contacts: 

         

JONATHAN P. EVERSON                             

HFF Managing Director                                     

 (317) 630-3191                                                  

jeverson@hfflp.com                                          

                                           

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com

HFF arranges $22.2 million refinancing of Class A multi-housing community in Central Florida

MIAMI, FL – HFF announced that it has arranged a $22.2 million refinancing for Integra Landings (top left photo), a 270-unit, Class A multi-housing community in Orange City, Florida.

HFF worked exclusively on behalf of the borrower, Integra Landings, LLC, to secure the seven-year, fixed-rate loan through Freddie Mac.  The financing has a two-year, interest-only period, a rate in the low four percent range, and will be securitized through Freddie Mac’s CME Program. 

HFF will service the loan through its Freddie Mac Program Plus® Seller/Servicer program.

The property is located at 1112 Integra Landings Drive within close proximity to Interstate 4, which provides access to the Orlando central business district to the south.

 Development of the project was completed in 2008 by Integra Land Company.  Integra Landings has one-, two- and three-bedroom unit floor plans averaging  1,075 square feet each, and offers its residents secure gated access, a resort style pool with a lap lane, and a washer and dryer in every unit, among other amenities.

The HFF team representing the borrower was led by director Elliott Throne (middle right photo).

“Freddie Mac was not only able to offer a very aggressive 80 percent LTV deal with two years of interest only, but was also able to increase proceeds following the early locking of the rate,” said Throne.

“Integra Landings is the premier luxury complex in the area and offers an impressive collection of community and individual residence amenities,” added Throne.

Headquartered in Lake Mary, Florida, Integra specializes in identifying new sites for development as well as shaping bold and innovative designs into sound income producing resources.

Contacts: 

              

ELLIOTT P. THRONE                        KRISTEN M. MURPHY

HFF Director                                      HFF Associate Director, Marketing

(305) 421-6549                                  (713) 852-3500

ethrone@hfflp.com                             krmurphy@hfflp.com

Chatham Lodging Trust Announces Fourth Quarter Results

  

 PALM BEACH, FL—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in premium branded upscale extended-stay hotels and select-service hotels, announced results for the quarter ended December 31, 2011.

 In addition, the company outlined its strategic growth plan designed to increase FFO by approximately 50 percent in 2012.

“2011 was a banner year as we successfully executed our business plan of building a high quality hotel portfolio that generates strong operating results and provides meaningful cash dividends,” said Jeffrey H. Fisher (top right photo), Chatham’s chief executive officer and president.

 “In 2011, our hotel investments dramatically increased nearly 150 percent from $210 million to $510 million. 

 

“We assembled a great portfolio of hotels with 65 percent of our properties located in metropolitan New York City, Southern California and Washington D.C., all markets with high barriers to new competition.  Our hotels produced strong results, with adjusted FFO per share increasing approximately 68 percent from $0.53 in 2010 to $0.89 in 2011.

For a complete copy of the company’s news release and statistics, please contact:

Dennis Craven (Company)                 Jerry Daly or Carol McCune

Chief Financial Officer                         Daly Gray (Media)

(561) 227-1386                                    (703) 435-6293

NAI Realvest Negotiates Renewal Lease Agreement on 12,000 SF at Industrial Park in Sanford, FL

MAITLAND, FL – NAI Realvest recently negotiated a renewal lease agreement for 12,000 square feet of industrial space 351 Central Park Drive off S.R. 46 in Sanford. 

 Michael Heidrich (top right photo), a principal at NAI Realvest negotiated the transaction representing the New Smyrna Beach-based Landlord SBS Property Investment, LLC. 

Tenant Guardian Fueling Technologies, Inc. is a firm engaged in service station equipment repair, headquartered in Jacksonville and represented by Aaron Zarle of Grubb & Ellis/Phoenix Realty Group.

For more information, contact

Michael Heidrich, Principal, NAI Realvest, 407-875-9989,  mheidrich@realvest.com

Patrick Mahoney, President, NAI Realvest 407-875-9989 , pmahoney@realvest.com

Beth Payan or Larry Vershel Communications, 407-644-4142,  Lvershelco@aol.com    

Faris Lee Investments Brings Together Joint Venture Partnership to Acquire $23 Million Retail Center in Santa Fee Springs, CA

  

 IRVINE, CA, Feb. 22, 2012 – Faris Lee Investments, the nation’s largest retail-specialized investment advisory firm, has announced it has brought together Anaheim-based Milan Capital Management and several other Southern California-based private investors who have formed a joint venture partnership to acquire Santa Fe Springs Promenade (top left photo).

The center, which is the area’s most dominant retail property, was sold by F.J. Hanshaw Properties for $23 million.

Dennis Vaccaro (top right photo), Rich Walter (middel left photo) and Matt Mousavi (middle right photo) of Faris Lee Investments brought together the buyers.

“Faris Lee offers specialized client representation to identify opportunities that fit well with unique investor appetites. We have had a long-time relationship with Milan Capital and were able to identify this opportunity for them to be the managing member of the partnership as well as bring together joint venture capital partners,” said Vaccaro.

 Santa Fe Springs Promenade totals approximately 114,629 square feet and is situated on 8.22 acres of land. Some the property’s major tenants include Jax Market, Bank of America, Taco Bell/KFC, Jack in the Box, and GSA.

The property offers access to all main highways including Telegraph Road, Orr & Day Road, and the 605 Freeway. The site also features a jumbotron sign visible from the freeway for tenant advertising.

Continuing its advisory role, Faris Lee will work with the buyer of Santa Fe Springs Promenade on executing a strategic repositioning of the property.

“Faris Lee advised the joint venture on a unique tenant repositioning opportunity to solidify both anchor and junior anchor tenant spaces, bring rents up to market rates, renegotiate upcoming lease expirations, and lease up currently vacant space,” said Walter.

 “Additionally, we will work with the joint venture on recommendations for a complete remodel of the property as well as parcelizing the asset as part of a break-up exit strategy down the line.” 

According to Rick Chichester (lower left photo), chief executive offer with Faris Lee Investments, over the years, Faris Lee’s deep rooted relationships with lenders, investors and the greater retail property investment community have worked together to grow Faris Lee’s investment advisory role.

 “With today’s intricate and complex investment environment, and the complexities specific to retail property investments, it is critical to offer a wide range of services to our clients,” said Chichester.

 “It’s not enough to offer one investment opportunity or one financing option, there must be a broad base of comprehensive, integrated services to extend to our clients to appropriately protect, enhance and create value. In this particular case, Faris Lee acted as the investment advisor to create a strategic, structured partnership, and advise on the go-forward strategies to maximize value.”

 For more information, please visit www.farislee.com.

Contact: Darcie Giacchetto, 949.278.6224, Spaulding Thompson & Associates

For Faris Lee Investments

HFF Dallas hires Rob Key as director to focus on multi-housing investment sales

DALLAS, TX – HFF announced today that it has hired Rob Key (top right photo) as a director in its Dallas office. 

Mr. Key will focus on multi-housing investment sales transactions in the Southwest.  He has more than nine years of experience in commercial real estate investment sales and has been involved in more than $2.8 billion of real estate transactions during the course of his career. 

Mr. Key joins HFF from CBRE, where he focused on multi-housing as well as student housing properties.  Mr. Key graduated from the University of Oklahoma and is a licensed real estate salesperson in the state of Texas.

“We view Rob as a great addition to our Dallas team,” said Andrew Levy (lower left photo), senior managing director in HFF’s Dallas office.  “We have an exceptional presence in the institutional side of the multi-housing sales market and look forward to further expanding our activities in the middle-market sector.”

Contacts:    

                   

 ANDREW S. LEVY                          KRISTEN M. MURPHY

 HFF Senior Managing Director      HFF Associate Director, Marketing

 (214) 265-0880                                 (713) 852-3500

 alevy@hfflp.com                                krmurphy@hfflp.com

MBA Welcomes FHFA Proposal on Next Steps in Future of GSEs

  

                       

 WASHINGTON, DC - David H. Stevens (top right photo), President and CEO of the Mortgage Bankers Association (MBA), issued the following statement regarding the Federal Housing Finance Agency's (FHFA) proposal for next steps in its conservatorship of Fannie Mae and Freddie Mac, collectively, the Government Sponsored Enterprises (GSEs):

 "MBA welcomes FHFA's proposal for the next phase of the conservatorship of Fannie Mae and Freddie Mac. We have been out front on GSE reform issues, and our Council on Ensuring Mortgage Liquidity outlined many of these same types of changes in its September 2009 proposal on the future of the government's role in the secondary mortgage market.

"We greatly appreciate the constructive nature of the proposals outlined by FHFA Acting Director Ed DeMarco (lower left photo) to wind down Fannie and Freddie, only after taking steps to create a new infrastructure for the secondary mortgage market.

“Moving towards a single security, aligning servicing requirements and reducing the retained portfolios while avoiding a fire sale are all moves that we have supported. We look forward to working with policymakers, including FHFA, to refine the roles of the GSEs and to bring private capital back to the market.

 "Uncertainty, wherever it exists, must be removed and a clear path forward must be laid out, in order for the housing market in this country to be strong and vibrant. This proposal that FHFA is putting forth shows a strong commitment to doing just that."

Contact:  Matt Robinson, (202) 557-2727, mrobinson@mortgagebankers.org

IPA Sells Sacramento-Area Multifamily Property for $48.3 Million

 ROCKLIN, CA –Institutional Property Advisors (IPA), a recently formed multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of Meridian at Stanford Ranch (top left photo), a 452-unit multifamily community located within Stanford Ranch, a 3,500-acre master-planned community in Rocklin.

The sales price of $48,350,000 equates to $106,969 per unit and $120 per square foot.

Stan Jones (lower right photo), executive vice president investments, Phil Saglimbeni (middle right photo), vice president investments and Sal Saglimbeni (middle left photo), vice president investments, represented the seller, Demmon Partners. Jones,

 Phil Saglimbeni and Sal Saglimbeni also represented the buyer, FPA Multifamily LLC. FPA acquired the property on behalf of its fully discretionary Apartment Opportunity Fund III, which is targeted on purchasing $900 million of multifamily properties in the western United States.

“Sophisticated private buyers and select institutions are actively seeking opportunities in the Sacramento MSA where investment yields are more favorable than the core markets of the San Francisco Bay Area and Southern California.” says Jones. “Meridian at Stanford Ranch’s investment appeal is driven by an exceptional Rocklin location and add-value opportunity through various capital improvement projects.”

“The property’s micro-location affords easy access to the area’s major employers, retail centers and a plethora of recreational options,” adds Phil Saglimbeni. “The Rocklin-Roseville submarket is considered to be among the best areas in the Sacramento MSA. The property was acquired subject to the assumption of an existing life insurance company loan,” Saglimbeni concludes.

The a 403,311-square foot community is located at 2121 Sunset Blvd., 100 miles north of San Francisco and approximately 90 miles south of the Lake Tahoe area. Downtown Sacramento is a 20-minute drive away.

Meridian at Stanford Ranch was constructed in 2000 on 28 acres. The low density, 16.14-units per acre site features dramatic elevations, wetlands and large areas of manicured open space. The complex is made up of 26 two-to-three- story wood-frame buildings with stucco exteriors.  Community amenities include a resort-style pool and spa, expansive community room, fitness center and business center.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

http://www.institutionalpropertyadvisors.com/