Apartments sell near Purdue University

Tenants-in-common entity makes investment

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CB Richard Ellis' Multi-Housing Group negotiated the sale of Willowbrook West Apartments in West Lafayette, Ind.  The value of the transaction was more than $39 million. Built in 2002, this 360-unit community is approximately three minutes away from Purdue University and is situated adjacent to the campus golf course and a popular nature conservation area. In this transaction, Wilkinson 1031, a TIC buyer, purchased the property from West Lafayette-based Trinitas Ventures. Los Angeles-based CB Richard Ellis is a commercial real estate services firm operating worldwide. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....