Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Marcus & Millichap Real Estate Investment Services this week announced it arranged the sale of two student housing communities, totaling 361 units, in Macomb, Ill., for a combined price of nearly $21.9 million. Rabil Properties LLC bought the properties from a private seller, Marcus & Millichap reported. The portfolio includes: Campus Pointe Apartments, which is located at 900 Linden Lane, and comprises 18 buildings situated on a 7.5-acre lot with 185 units, including efficiency, studios, one-, two- and three-bedroom units. Campus Manor Apartments, which is located at 902 North Charles St., consisting of 13 buildings situated on a 7.2-acre lot with 175 units, including efficiency, one- and two-bedroom units. Both properties have undergone recent capital improvements, including a...