Representing a Chicago financial institution, Colliers Bennett & Kahnweiler Inc. has brokered a $9.5 million multifamily portfolio sale in Shreveport, La.

First Bank of Illinois sold the four-property, 576-unit portfolio to New York-based Platinum Management.

The properties include:

  • "Villa Norte," located at 1620 Fullerton St., which comprises 13 two-story buildings totaling 200 units that were constructed in 1972. The complex features a mix of one-, two- and three-bedroom units with approximately 500 parking spaces.

  • "The Pines," located at 8040 Line Ave., comprising 20 two-story buildings totaling 128 units that were constructed in 1972. The complex features a mix of one-, two- and three-bedroom units with approximately 206 spaces.

  • "Kings Manor I," located at 7210 Bernstein Ave. The asset includes 20 two-story buildings totaling 184 units that were constructed in 1972. The complex features a mix of one- and two-bedroom units with approximately 336 parking spaces.

  • "Kings Manor II," located at 1674 David Raines Road, which comprises eight two-story buildings totaling 64 units that were constructed in 1969. The complex features a mix of one-, two- and three-bedroom units with approximately 89 parking spaces.


***


What’s your opinion? Leave your comments below or send a
letter to the editor.


Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
New January Connect speakers added: M. Ryan Gorman, Josh Team, Glenn Kelman and more.SEE THE SPEAKERS×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription