Locally based Demmon Partners has snapped up LINQ Midtown, a 275-unit apartment complex at 3111 S Street in East Sacramento, for $106 million. The deal brings a hometown owner-operator deeper into Midtown’s rental scene and ranks among the largest multifamily trades in the Sacramento region this year. The property includes ground-floor retail and sits a short walk from Midtown restaurants and key transit hubs.
Ben van der Meer reported Thursday for The Business Journals that Demmon Partners paid roughly $106 million for LINQ Midtown, describing the sale as one of the biggest multifamily transactions in the region this year. The initial coverage noted that financing details and any immediate renovation plans were not disclosed.
What the complex includes
An Institutional Property Advisors listing shows LINQ Midtown totals 275 units and was built in 2009, underscoring the scale of the asset. Apartments.com lists the address as 3111 S Street and notes on-site retail along with amenities such as a pool and EV chargers. Marketing materials pitch the property as a transit-adjacent Midtown community with easy access to the R Street corridor.
Who Demmon Partners is
Demmon Partners is a Sacramento-based, family-owned owner-operator that emphasizes resident-focused service on its website, according to Demmon Partners. The company highlights several Sacramento Valley communities in its portfolio and markets itself around improving the resident experience. The LINQ Midtown acquisition extends the firm’s footprint in the local rental market.
Price math and local implications
Using the $106 million sale price and the 275-unit count listed by Institutional Property Advisors, the deal pencils out to roughly $385,000 per unit. That figure offers a rough benchmark for investors sizing up Midtown multifamily assets as capital markets continue to shift…