Multifamily portfolio fetches $166M
California-based company sells 2,400 units in North Carolina and Virginia
By Inman News, Friday, July 14, 2006.Real Estate Partners Inc., a national real estate investment and management services company, on Thursday announced the sale of a multifamily portfolio including eight properties in North Carolina and Virginia.
Newport Beach, Calif.-based Core Realty Holdings LLC purchased the properties totaling approximately 2,400 units.
The deal was valued at $166 million.
Real Estate Partners had purchased the portfolio in December 2003.
The buyer, Core Realty Holdings, LLC, represented themselves. The seller, Real Estate Partners, Inc., represented REP Fund Apartments LLC.
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
You must login or register to post a comment.