Multifamily portfolio fetches $166M

California-based company sells 2,400 units in North Carolina and Virginia

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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. ...