Tredway Pays $40MM for 260-Unit Sacramento Manor, Handing Sellers a 166% Gain in Five Years

Tredway paid about $153,800 per unit for the 1962-built Meadowview senior community, about 27 percent below Sacramento's average apartment sale price. New York-based affordable housing investor Tredway has bought Sacramento Manor, a 260-unit senior community in Meadowview, for $40 million, giving the sellers a gain of more than 166 percent on the $15 million they […]