Source: Sacramento Business Journal
Tuesday, September 18, 2012 by Sanford Nax, Staff Writer
An Oakland-based company has bought the 220-unit Azure Park Apartments in South Sacramento with plans to substantially upgrade the complex and to give it a new name.
The complex is about 85 percent full. The new Lotus Landing Apartments will also feature exterior improvements and renovations to a number of the apartments. Additional resident services will also be provided. Unit amenities include central heating and air conditioning, as well as private balconies or patios.
This is the third Sacramento apartment house that Bayside Communities, which was formed to acquire the affordable housing assets of bankrupt A.F. Evans Company, has bought. It now owns or manages 16 apartment complexes in Northern California.
The price of the transaction was not released.