Hines Announces Plan For Natomas Fountains In Sacramento

Class-A Residential Community Will Meet Demand for High-Quality Rental Product in Market

(SACRAMENTO) – Hines, a global real estate investment, development, and property manager, and MBK Rental Living today announced plans for Natomas Fountains, a 303-unit luxury apartment development that will consist of six, three-story buildings located in a transit-oriented, highly amenitized suburban location within five miles of downtown Sacramento. The project is slated for completion in 2026.

The development will be designed with best-in-market finishes and floorplans will include studio, one-bedroom, and two-bedroom offerings ranging from 540 to 1,185 square feet. Featuring a fully integrated residential experience, future residents will have access to an array of market-leading amenities including a resort-style pool, a contemporary co-working space, a fitness center, a dog park, and a multipurpose simulator space. The development is designed by BSB Design with interiors by Carnegis Group.

“Natomas Fountains stands out due to its unique location in a rapidly growing area, with easy access to meaningful surrounding amenities and superb access to other parts of the city,” said Manuel Soto, Director and City Head of the Sacramento office of Hines. “The development will meet the demand for high-quality living options in Sacramento and we are confident the project will not only enhance the lifestyle of future residents but also enrich the existing community."

"Natomas Fountains is certain to be a vanguard luxury living offering in suburban Sacramento and we're proud to strengthen our partnership and elevate the resident experience alongside Hines," stated Ken McCarren, President of MBK Rental Living. "At MBK, our mission is to provide residents with exemplary living environments that align with the dynamic pace of modern life. Through this collaboration, we're creating a community where residents can flourish in a seamlessly integrated environment."

Situated on a 10.6-acre parcel at the intersection of Truxel Road and Gateway Park Boulevard, Natomas Fountains will provide convenient access to Natomas’ extensive shopping, dining, and entertainment options. The vibrant and growing neighborhood is known for its family-friendly atmosphere, excellent schools, and convenient location in the northern part of Sacramento. It is conveniently located near I-80 and other major highways.

“We’re excited for Hines’ continued growth in North Natomas and welcome MBK Rental Living, enhancing our beautiful diverse community. This development, within walking distance of retail, restaurants, and multiple bus stops, connects residents to Sacramento’s amenities,” said Mayor Pro Tem Karina Talamantes.

Hines has been active in the Sacramento market for 22 years, most recently with the completion of the Centene Campus in 2020.

About Hines

Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 30 countries. We manage a $94.6B¹ portfolio of high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 790 properties totaling over 269 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.

¹Includes both the global Hines organization as well as RIA AUM as of June 30, 2023.

About MBK Rental Living

MBK Rental Living is active in the acquisition and development of apartment communities. The company's mission is to be the preeminent lifestyle developer focusing on creating communities that deliver value for their residents, partners, and investors. Throughout its 30-year history, MBK has earned a reputation for delivering award-winning customer satisfaction in housing that is innovative in design, comfort, sustainability, and craftsmanship, all at an excellent value. MBK Rental Living is a division of MBK Real Estate LLC., the U.S. real estate development arm of Mitsui & Co., Ltd., one of the world's largest corporations. MBK Real Estate's companies span a wide spectrum of real estate development including apartments, industrial, and their senior housing divisions. Corporate offices are located at 4 Park Plaza Suite 1700, Irvine, CA 92614; or visit their website at www.MBKRentalLiving.com