CONAM Expands Their Portfolio with Acquisition of Sonterra Apartments in California
On November 4, 2025, CONAM Strategic Investments Fund IV LP, under the sponsorship of The CONAM Group, announced the completion of its acquisition of Sonterra Apartments, a multifamily community that offers 136 units located in the vibrant city of Roseville, California. This strategic purchase not only consolidates CONAM's investment portfolio but also expands its operational reach within the growing Sacramento area.
Built in 2001, Sonterra is situated on a generous 6.66-acre lot and consists of ten two-story buildings designed with a garden-style aesthetic. The property is replete with a remarkable array of amenities aimed at enhancing the living experience for its residents. These amenities include a state-of-the-art 24-hour fitness center, a resort-style pool with a spa, an outdoor barbecue area, a community clubhouse along with a leasing office, picnic areas, a cozy outdoor fireplace, and a bocce ball court, contributing to a robust sense of community.
With a focus on modern living, the interiors of Sonterra have seen extensive upgrades. Out of the total 136 units, 132 have been meticulously renovated to feature hardwood flooring, stainless steel appliances, granite countertops, and updated cabinetry. Additionally, each apartment is equipped with a private patio or balcony, and several second-floor units feature soaring vaulted ceilings that reach up to 16 feet, thereby enhancing the open ambiance of the community.
Strategically positioned in one of the Sacramento region's most desirable submarkets, the choice of Sonterra allows residents easy access to key employment centers in the medical and technology sectors. Proximity to major hospitals such as Sutter Health and Kaiser Permanente, alongside prominent employers like Hewlett Packard Enterprise, Penumbra, and Oracle, makes this community particularly attractive to families and professionals seeking a blend of urban conveniences and suburban tranquility.
Roseville offers a well-developed public transportation network and an array of retail and lifestyle amenities that complement its thriving community. The city's exceptionally rated school systems further add to its desirability, ensuring a high quality of life for its residents. With rising household incomes and demographic growth, Roseville consistently outperforms many other areas throughout the greater Sacramento region in terms of both employment stability and overall quality-of-life measures.
Zach Markell, the Acquisitions Director at CONAM, reflected on the acquisition, stating, "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. This property further complements our existing portfolio in the Sacramento market, where CONAM has a long history of successful ownership and operational performance."
The addition of Sonterra Apartments marks yet another significant milestone for the CONAM Strategic Investments Fund IV, which prioritizes the acquisition of strategically located multifamily communities across high-growth markets in the United States. Looking ahead, CONAM remains committed to identifying opportunities that align with their investment ethos in Fund IV, actively engaging in the market to grow their portfolio on a national scale. The expansion to Roseville through this acquisition not only solidifies CONAM's influence in Northern California but also emphasizes its intentions to continue thriving amid evolving real estate landscapes across the country.
Built in 2001, Sonterra is situated on a generous 6.66-acre lot and consists of ten two-story buildings designed with a garden-style aesthetic. The property is replete with a remarkable array of amenities aimed at enhancing the living experience for its residents. These amenities include a state-of-the-art 24-hour fitness center, a resort-style pool with a spa, an outdoor barbecue area, a community clubhouse along with a leasing office, picnic areas, a cozy outdoor fireplace, and a bocce ball court, contributing to a robust sense of community.
With a focus on modern living, the interiors of Sonterra have seen extensive upgrades. Out of the total 136 units, 132 have been meticulously renovated to feature hardwood flooring, stainless steel appliances, granite countertops, and updated cabinetry. Additionally, each apartment is equipped with a private patio or balcony, and several second-floor units feature soaring vaulted ceilings that reach up to 16 feet, thereby enhancing the open ambiance of the community.
Strategically positioned in one of the Sacramento region's most desirable submarkets, the choice of Sonterra allows residents easy access to key employment centers in the medical and technology sectors. Proximity to major hospitals such as Sutter Health and Kaiser Permanente, alongside prominent employers like Hewlett Packard Enterprise, Penumbra, and Oracle, makes this community particularly attractive to families and professionals seeking a blend of urban conveniences and suburban tranquility.
Roseville offers a well-developed public transportation network and an array of retail and lifestyle amenities that complement its thriving community. The city's exceptionally rated school systems further add to its desirability, ensuring a high quality of life for its residents. With rising household incomes and demographic growth, Roseville consistently outperforms many other areas throughout the greater Sacramento region in terms of both employment stability and overall quality-of-life measures.
Zach Markell, the Acquisitions Director at CONAM, reflected on the acquisition, stating, "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. This property further complements our existing portfolio in the Sacramento market, where CONAM has a long history of successful ownership and operational performance."
The addition of Sonterra Apartments marks yet another significant milestone for the CONAM Strategic Investments Fund IV, which prioritizes the acquisition of strategically located multifamily communities across high-growth markets in the United States. Looking ahead, CONAM remains committed to identifying opportunities that align with their investment ethos in Fund IV, actively engaging in the market to grow their portfolio on a national scale. The expansion to Roseville through this acquisition not only solidifies CONAM's influence in Northern California but also emphasizes its intentions to continue thriving amid evolving real estate landscapes across the country.
Topics General Business）
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