Reported Sep 29, 2026 · Source: REBusiness Online
Sagecliff is a multifamily & mixed-use sale in Reno-Sparks, Las Vegas. Other details we have: buyer a California private family office; seller a California investment firm; price $54.7M; size 220 units. REBusiness Online reports: “RENO, NEV. — Berkadia has directed the sale of Sagecliff, a multifamily property located at 2777 Northtowne Lane in Reno. A California-baed real estate investment firm sold the asset to a California-based private family office for $54.7 million. Jared Glover of Berkadia represented the seller.…”
Quoted from the article; the other facts come from our own deal listing.
Read the full report at REBusiness Online. What the article says:
RENO, NEV. — Berkadia has directed the sale of Sagecliff, a multifamily property located at 2777 Northtowne Lane in Reno. A California-baed real estate investment firm sold the asset to a California-based private family office for $54.7 million. Jared Glover of Berkadia represented the seller. Built in 1997, Sagecliff features 220 one- and two-bedroom residences, with one-bedroom units comprising 49 percent of the property and two-bedroom units comprising 51 percent. The average unit size is 941 square feet. Onsite amenities include a pool, spa, fitness center, clubhouse and detached garages. Sagecliff benefited from more than $2 million in capital improvements since 2021, including interior upgrades to 29 units, HVAC and water-heater replacements, curb-appeal enhancements and refreshed amenities.
Berkadia Negotiates $54.7M Sale of Sagecliff Apartment Community in Reno
Article date: 2026-09-29T13:37:57+00:00
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