University of California, Sacramento
288 Units | 792 Beds
TSB Realty was engaged by VerTex Student Housing Partners and Harrison Street Real Estate Capital to sell The Element via a fully marketed process. TSB Realty secured multiple offers for the property following several rounds of bidding, resulting in a sale price exceeding the seller’s original expectations. The property was successfully sold in 2017. TSB Capital Advisors, an affiliate of TSB Realty, consulted on the financing for VerTex and Harrison Street when they acquired the property.
• Class “A” garden-style apartment complex
• Renovated in 2016
• 288 Units | 792 Beds
• Year Built: 2003
• Deal closed: 2017
• Located less than a mile from California State University, Sacramento
• Resort-style swimming pool
• Covered half-court basketball and lighted sand volleyball court
• Fully furnished contemporary units
The Element is located less than a half-mile from California State University, Sacramento and features a diverse mix of one-, two-, three-, and four-bedroom floor plans. Originally constructed in 2003 and renovated in 2016, the property offers a resort-style swimming pool, updated fitness facility, covered half-court basketball, lighted sand volleyball court, and game room. Fully furnished units include stainless steel appliances, private balcony or porch, washer and dryer, and ceiling fans. With its ideal location and extensive list of amenities, The Element is the most popular student housing community in Sacramento.