A St. Louis-based private partnership has purchased an apartment property in Florissant, Ms., a northern suburb of St. Louis.

The property, Aspen Woods Apartments, includes 452 units and will be owned and operated by an affiliate of BPG Properties’ multifamily operating arm, Madison Apartment Group, LP. The purchase was made on behalf of BPG Investment Partnership VII, LP, a private equity fund with total equity commitments of $550 million.

The value of the transaction was not disclosed.

The complex consists of 37 two-story buildings, and the units include a mixture of one-bedrooms, two-bedrooms, three-bedrooms and townhomes. The average apartment size is 1,101 square feet.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
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