Deal Snapshot
- Asset Class: Workforce Multifamily Housing
- Location: Sacramento, CA (District 2 – 300 ft from Light Rail)
- Total Units: 53 (Studios + 1-Bedroom)
- Target Rents: 70–80% AMI (underserved market segment)
- Total Development Cost (TDC): $18M (estimate)
- Equity Raise: $4M (structured in $250K–$1M+ commitments)
- Debt Financing: $14M senior construction loan (in process)
- Projected Returns: 12–14% IRR | 1.8x–2.0x equity multiple | 6–7% stabilized cash yield
- Exit Strategy: Refinance at stabilization (Year 5–7) with option for long-term hold or disposition
Why This Deal Stands Out
Execution-Ready, Front-End Risk Cleared
Entitlements approved – May 2025
Design development completed – August 2025
Land acquisition closed (October 2024)
Construction bidding & GC selection underway — contractor to be locked shortly Permits/approvals targeted for October 2025
Vertical construction start scheduled for October 2025
Investors are entering at the construction readiness stage, with approvals, design, and contractor selection in place.
Undersupplied Market with Predictable Demand
Sacramento has a significant shortage of attainable workforce housing. Vacancy in the 70–80% AMI band remains below 4%, while population inflows continue to drive demand. CLTRE House provides Class-A housing attainable to working families — a segment with historically stable occupancy and reliable absorption.
De-Risked Development Structure
CEQA exempt (infill exemption, by-right zoning)
Phase 1 environmental complete — site is clean
Experienced, minority-owned design and consulting team
Option to expand with adjacent parcel, doubling units in a future phase
Proven Sponsorship
Vertical Pacific – Co-developer with 25+ Sacramento infill projects and 500,000+ SF under management
CLTRE – Sponsor with 16+ years of corridor revitalization, 40+ real estate activations, and nationally recognized community development impact
Returns Framework
At stabilization (2027), CLTRE House projects:
Stabilized NOI: $1.3M annually
Cash Yield to Investors: 6–7%
Equity Multiple: 1.8x–2.0x
IRR: 12–14% over a 10-year hold
Exit Strategy: Refinance at stabilization with investor return of capital + yield, or disposition at Year 10 with full upside capture
The Capital Ask
We are raising $4 million in equity to finalize GC selection, cover pre-construction costs, and fund initial construction launch. This equity unlocks senior debt draws and positions CLTRE House to break ground in October 2025.
Participation opportunities are structured as follows:
Anchor Investors: $1M+ commitments
Strategic Investors: $500K–$1M commitments
Community-Aligned Partners: $250K–$500K commitments
Investor capital enters a project with entitlements and design already complete, construction pricing in hand, and permits on deck — the lowest-risk point of entry before vertical construction begins.
CLTRE House is a fully entitled, design-complete, transit-oriented housing development with construction readiness in motion and investor-ready returns.
We are seeking partners who want exposure to a stable workforce housing asset with strong fundamentals and measurable social impact.
This is an opportunity to align capital with a project that is ready to deliver both predictable returns and lasting community value.
🔗 For additional context, read how a devastating fire in District 2 created the conditions for CLTRE House and inspired a new model for resilient, community-led development: Ground Zero for Change
Contact Information
Roshaun Davis
Executive Director
CLTRE
Roshaun@cltre.org
