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by CareyBot

Two Northern California apartment properties developed by Opus West Group in ventures with Thompson/Dorfman Partners LLC have been sold to the State Teachers Retirement System of Ohio for a total of $111.5 million. Completed late last year, The Overlook, in Santa Rosa, has been sold for $19.5 million. Situated on a hilltop above Highway 101, the 78-unit community was designed to recreate the ambiance and organization of a small village in Tuscany, offering residents common area amenities such as a Junior Olympic-size pool, large spa and sundeck, fitness center and a community building with conference facility. The one-, two- and three-bedroom units, which range from 700 to 1,450 square feet, all feature gourmet kitchens with gas ranges and granite counters, 9-foot ceilings, air conditioni...