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2019 Q4 Sacramento Multifamily Market Report

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At the close of 2019, Sacramento’s apartment market remained one of the strongest in the nation. The city’s population growth of 1.5 percent was the fastest growing of any major city in California while the state recorded its lowest annual growth rate since 1900 at 0.35 percent. Though local job growth of 1.2 percent from December 2018 to December 2019 is roughly half the annual job growth average of the previous two years, Sacramento’s unemployment rate remains near its record low at 3 percent.

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2019 Q4 Sacramento Multifamily Market Report

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Aaron Frederick

Executive Vice President

Sacramento

As the strategic real estate partner to multifamily investors throughout the Greater Sacramento Area & Central Valley, I provide, educated market knowledge, dependable industry advice, and detailed property assessment. My role, first and foremost, is that of an advisor. The real estate transactions I facilitate are a by-product of that relationship. My clients and I have built relationships based upon their business and a deep understanding of their goals. Together, we determine where they are going with their assets by understanding where they are today. My clients are mom & pops looking for a long-term plan for retirement, partnerships, family operators wanting a secondary source of income, and REITs expanding into new markets. Every situation is unique therefore I’ve never adopted a cookie cutter assessment. Each acquisition, disposition, and exchange is more than simply trading property. My success is helping my clients create success in their business.

Whether we are facing deferred maintenance, distressed properties, neighborhood issues, or unforeseen problems in escrow, I pride myself on my ability to deal with the unknown and work through the challenge to find a resolution and overcome the unexpected.  My clients rely on my ability to look at each transaction from different perspectives and my open collaboration with the larger broker community. 

On a personal note, I am a husband, avid reader, and, in the past, provide oversight & operations to a local men’s rugby club. Sharing knowledge and mentorship is something that is very important to me. As such, I lead a personal development workshop for a group of New Generation professionals in my office. We have discussed topics such as personality types, Carnegie, and the Compound Effect.

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Matt Sarro

Senior Vice President

Sacramento

Multifamily investors rely on my honest and educated advice to help them make proper business decisions. It is my duty to my client to stay up to date on current rental rates, occupancies, and trends of the many submarkets in the Greater Sacramento Area. By working with both institutional and local apartment owners, I can look at any deal from different perspectives. As a native Sacramentan, I have first-hand experience of the economic cycles that have impacted our market. I am passionate about helping Sacramento become a thriving community and I believe our business owners, small and large, are at the heart of that.  

I joined Colliers International in 2014 after spending a year specializing in apartment sales around the Central Valley. After making the transition to Colliers, I decided to remain focused on multifamily properties. I now specialize in representing investors and owners within Sacramento County and Northern California. Throughout my tenure in the business I have sharpened my expertise within the Sacramento submarket and continue to remain focused on multifamily investment opportunities for my clients. Leveraging my business finance and real estate experience adds value to my clients whether I am getting a property properly marketed and sold or underwriting potential investments.

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Ahmed Kamil

Associate

Sacramento

I work alongside Aaron Frederick and Matt Sarro who offer a combined 30 years of multi-family investments experience throughout  Sacramento County. 

Our clients are investors who are looking for a long-term plan for retirement, partnerships, family operations wanting a secondary income, and REIT’s expanding into new markets. Our clients appreciate my tenacity, enthusiasm, and my partners'  market knowledge, industry advice, and detailed property assessments. We can help with a wide range of solutions, including acquisitions and disposition sales strategies, valuation and advisory services, underwriting and due diligence, and customized marketing strategies to attract high-quality buyers. Our goal is to deliver exceptional service that will exceed our clients expectations and most importantly accelerate their success.

I leverage my customer-service oriented background and unmatched work ethic to create a memorable experience for our clients. My background in accountancy allows for a unique perspective of our clients’ day-to-day operations and business needs. If you’re looking to buy or sell or if you have any questions regarding the Northern California Multifamily Market, my partners and I would be happy to help!

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