CONAM Strategic Investments Fund IV Acquisition of Sonterra Apartments

The Sonterra Apartments, Roseville, CA

CONAM Strategic Investments Fund IV LP, a discretionary fund sponsored by The CONAM Group, has announced the acquisition of Sonterra Apartments, a 136-unit multifamily community located in Roseville, California.

CONAM is an investment and property management company specialising in residential apartments across 11 States of the US and a Richardson family business investment.

The purchase expands CONAM's footprint in the Sacramento region and represents the latest acquisition for Fund IV.

Zach Markell, Acquisitions Director at CONAM, said, "Sonterra represents the type of institutional-quality asset that aligns perfectly with our investment strategy: high-performing suburban communities in markets with strong demographics and barriers to new supply. Sonterra further complements our existing portfolio in the Sacramento market where CONAM has been a long-time owner operator." 

The acquisition of Sonterra marks another key milestone for CONAM Strategic Investments Fund IV, which targets well-located multifamily communities across high-growth U.S. markets.

Please see the full press release here.