The Jefferson Commons apartments were sold to College Park Communities on March 14 for $51.4 million, said Kathy Grim, vice president of marketing for GMH Communities Trust, the parent company of College Park Communities.

College Park Communities bought the property, which is located near the intersection of 65th Street and 4th Avenue in Sacramento, because it fit their acquisition strategy, Grim said.

The name is now The Verge, but that may be the only change residents see.

The management will not change.

Grim said they “believe it is the best it can be and (they are) looking to maintain that.”

Janine Hunter, the director of community operations, said she had not heard of any new changes regarding rent or fees because of the ownership change.

Sophia Papalewis, a resident and Sacramento State senior majoring in communications, is not renewing her lease in the fall. She is unhappy with the service and said, “I don’t think (the ownership change) is going to change anything.”

Travis Burton, a resident who will be transferring to Sac State as a junior in business management in the fall, said, “Overall, it’s a decent place to live.”

He said the complex has “good scenery, nice grounds and cool people.”

College Park Communities, the student housing division of GMH Communities, has about 38 properties in 22 states accounting for 3,136 units with 23,880 beds.

In a press release on March 14, Joseph M. Coyle, the president of the company’s student housing division, said that The Verge is “a tremendous complement to our existing portfolio.”

JPI, the former owners of the apartments, could not be reached for comment at the time of press.

Brandon Darnell can be reached at [email protected]