http://restaurants-hr.com/index.php?option=com_content&task=view&id=450&Itemid=99999999
million in four recent loca apartmentcommunity sales, totalinbg 175 units. The 97-unit Oxmoor Ridge Apartments in Homewoor sold to a private investment grouplfor $3.4 million. The apartments were builft in 1976 and were 90percent occupied, said a news Villa Maria Apartments in Hoover sold to an out-of-stat e private investment group for $2.1 The 50-unit complex was 95 percent occupied. The 13-unitr Ashford Apartments in Birmingham recently soldfor $617,500 to a local investmenrt group and were 100 percenft occupied at the time of the The Ballingary apartments, a 15-unit complex also in Birmingham, sold for $565,00o0 to a local group.
“Banks are stillp lending money if deals represeng sound fundamentals and have agood story,” said David broker and owner for Oakley Group, in the “REITS, institutional funds and private equitt ... still remain confident in the multifamily sector. Many are raisin equity as fast as they can to gear up for buyiny additionalmultifamily assets.” The Oakley Group represented both the buyer and the sellert in the transactions, with the exception of the Ballingar y complex, whose seller was represented by Joel Moore of .
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment