The vintage property previously changed hands for $68 million.
Greystone Monticello originated the refinancing package.
The community previously changed hands for $39 million.
The sale involved a $22.5 million Fannie Mae loan.
Walker & Dunlop originated a $36.9 million Fannie Mae loan.
The transaction involved a $34.2 million Fannie Mae loan.
The sale price has jumped since the property’s previous trade in 2017.
The investor acquired this suburban property via its Legacy Fund.
These metros had the lowest asking rents in the Renter-by-Necessity segment, according to Yardi Matrix.
Inspired Real Estate Partners purchased the 250-unit property for $40 million.