La Via Apartments benefits from an optimal location just 40 miles north of downtown San Francisco. The property is situated on the Petaluma River waterfront, offering residents direct access to the Lynch Creek Trail, a pedestrian and bike path that runs along the river. It is also three blocks north of downtown Petaluma, which is home to dozens of boutique shops, restaurants and bars. Residents also have convenient access to public transportation via the Petaluma Downtown train station and Route 101 bus service, both of which provide direct routes to downtown San Francisco.

Situated on the Petaluma River, La Via Apartments features a number of amenities that take advantage of the area’s temperate climate and outdoor lifestyle, including the bocce courtyard and BBQ pavilion.

"La Via Apartments exemplifies our strategy to acquire well-located, high-quality properties in submarkets supported by strong fundamentals with long-term tailwinds," said Michael Streicker, President of Sentinel. "Surrounded by protected parklands, the Petaluma submarket has seen few deliveries of new apartments in recent years – approximately 52 units per year, on average – driving compelling supply/demand dynamics and consistent rent growth. Single-family homes for sale in the immediate vicinity start at $750,000, presenting a significant barrier to homeownership and supporting growing demand for rentals."

La Via Apartments consists of studio, 1- and 2-bedroom apartments averaging 924 square feet with sweeping views of the rolling hills of Sonoma. The upscale interiors feature stainless steel appliances, quartz countertops, tile backsplashes, smart lock keyless entry, Nest thermostats, and full-sized washers and dryers, with some units boasting elevated ceilings, floor-to-ceiling windows, and private patios or balconies with French-style doors. Community amenities include a 24-hour wellness studio with spin room and yoga studio; a bocce courtyard with fire tables, a BBQ pavilion, a fireplace and outdoor TVs; a coworking café with complimentary wi-fi; a gourmet coffee bar; a zen deck; a resident parlor with a billiards table, shuffleboard, arcade games and a kitchenette; a catering kitchen; bike and kayak storage; a pet spa; 24-hour concierge; private card-controlled access to building and amenities; and a secure-access enclosed garage with electric vehicle charging stations.

Sentinel has been active in the Northern California market throughout its 54-year history and now owns 7 properties in the area. The firm will continue to leverage its market expertise and deep industry relationships to identify attractive investment opportunities and expand its portfolio in the region.

The acquisition was covered by multiple media sources:
CityBiz
Connectcre
BusinessWire

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The post Sentinel Acquires Seventh Multifamily Community in Northern California appeared first on Sentinel Real Estate Corporation News.

Nova at Green Valley Apartments features numerous amenities, including a heated saltwater pool and spa, cabanas, a poolside pavilion with open air kitchenette and lounge area, a sport and recreation lawn and stunning views of the Rockville Hills.

Sentinel has recently acquired Nova at Green Valley Apartments, a recently completed 281-unit mid-rise apartment community in Fairfield, California. Sentinel purchased the property from the sponsor, The Spanos Corporation ("Spanos"), a leading developer of multifamily communities across the US. Nova at Green Valley represented the opportunity for Sentinel to acquire a well-located newly-built property in a desirable and highly supply-constrained submarket.

Nova at Green Valley Apartments is located within the 132-acre Green Valley Corporate Park, which Spanos was successful in rezoning to allow for multifamily in addition to the commercial uses it had previously been zoned for. The property is also proximate to the interchange of Interstates 80 and 680, giving residents direct access to employment and recreation throughout the Bay Area, including Vallejo, Downtown Napa, Concord, Walnut Creek, San Francisco and Sacramento. Additionally, Nova at Green Valley is served by the highly rated Fairfield-Suisun School District.

"We have enjoyed a long and fruitful relationship with Spanos, having acquired 123 of its communities over the course of nearly 40 years," said Michael Streicker, President of Sentinel. "Nova at Green Valley exemplifies our strategy to acquire well-located properties in submarkets supported by strong fundamentals, including good schools, diversified employment bases, easy access to entertainment and lifestyle amenities, and favorable supply/demand dynamics. During the past 10 years, only two new apartment communities have been delivered to the submarket, and we expect this dearth of new development will support long-term demand at Nova as the submarket continues to grow."

Nova at Green Valley Apartments consists of studio, 1- and 2-bedroom apartments averaging 860 square feet. The upscale interiors feature stainless steel appliances, quartz countertops, wood plank-style flooring, smart lock keyless entry, smart thermostats, side-by-side refrigerators with ice makers, full-sized washers and dryers, 9' and 10' ceilings, walk-in closets, and private patios or balconies. Building amenities include a 24-hour fitness center, a saltwater resort-style swimming pool, spa, fire pit, and sundeck, outdoor grill stations, a gaming room, theater, gourmet demonstration kitchen, lounge, gourmet coffee bar and concierge package system.

The property will also be highly energy efficient, with sustainable elements including rooftop photovoltaic solar panels, solar thermal assist hot water heating, electric vehicle charging stations, LED light fixtures, low emissivity (low-E) windows and Energy Star-certified appliances. The photovoltaic and solar thermal systems are designed to offset common area electric usage and costs and reduce water heating usage and costs, respectively.

Sentinel has been active in the Northern California market throughout its 53-year history and currently owns 5 properties in the area. The firm will continue to leverage its market expertise and deep industry relationships to identify attractive investment opportunities and expand its portfolio in the region.

The acquisition received coverage in several publications:
https://www.multihousingnews.com/sentinel-buys-281-unit-bay-area-community/
https://product.costar.com/home/news/shared/421053607
https://www.businesswire.com/news/home/20221221005101/en/Sentinel-Real-Estate-Corporation-Acquires-Bay-Area-Mid-Rise-Apartment-Community

See more of Sentinel's portfolio and learn more about our multifamily assets.

The post Sentinel Acquires 281-Unit Bay Area Community appeared first on Sentinel Real Estate Corporation News.