Asset Living Expands Multifamily Portfolio with the Addition of 16 Powerhouse

SACRAMENTO (May 13, 2026) – Asset Living, one of the nation’s largest third-party property management firms, was awarded management of 16 Powerhouse, further expanding its multifamily housing portfolio and commitment to providing exceptional living experiences to residents. Oakmont Properties, which owns 16 Powerhouse, will once again partner with Asset Living to oversee the property. Asset Living currently manages more than 20 communities for Oakmont Properties, reflecting the organizations' ongoing partnership and shared commitment to operational excellence.

This multifamily community is located in Sacramento, California, and the takeover aligns with Asset Living's mission to provide uniquely tailored solutions that enhance communities and drive meaningful outcomes for residents and clients alike. With a legacy of operational excellence and a commitment to evolving with client needs, Asset Living is proud to welcome 16 Powerhouse into its portfolio.

This upscale community in Midtown Sacramento offers spacious one- and two-bedroom residences featuring bright white quartz countertops, stainless steel appliances, and penthouse loft floor plans. Residents enjoy luxury amenities including a rooftop sky lounge with city views, an outdoor BBQ kitchen, a 24-hour fitness studio, and a yoga and flex room.  

Ideally located within walking distance of Midtown’s best dining, shopping, and entertainment, 16 Powerhouse places residents near popular destinations such as Downtown Commons (DOCO), Fremont Park, and Temple Coffee Roasters.

For more information regarding Asset Living’s expertise in multifamily living, visit the service page or reach out directly to contact an expert on the team.

About Asset Living

Founded in 1986, Asset Living is the largest third-party property management firm serving market rate, student, and affordable housing communities across the United States. The company provides property management solutions, asset management, receivership, and investment services for owners and institutional partners. Known for operational excellence and people-first leadership, Asset Living is a member of the Institute of Real Estate Management and holds the Accredited Management Organization (AMO) designation. To learn more, visit www.assetliving.com.