TODAY’S DEALS: Colliers Completes $43.5M Sale of Rental Community, and Other Transactions
- Apr 08, 2009
By Anuradha Kher, Online News EditorMinneapolis–Colliers Turley Martin Tucker (Colliers) recently completed the sale of Riverview at Upper Landing Apartments (pictured) to Boston-based Intercontinental Real Estate Corp., which acquired the property on behalf of U.S. Real Estate Investment Fund LLC for $43.3 million.Riverview at Upper Landing Apartments is a Class A urban infill project consisting of two buildings located at 400 Spring St. in St. Paul, Minn. The buildings include 344 apartment units and 482 below grade parking. Hendricks & Partners Completes Sale of 984-Unit Portfolio for $24MTulsa, Okla.–Hendricks & Partners recently arranged the sale of the Tulsa Four Portfolio, which comprises 984 units in total, for $24 million.The portfolio includes Arbors of Southern Hills (226 units), Lakewood Park (224 units), Hunter’s Creek (206 units) and Sand Dollar on the River (328 units), all located in Tulsa, Okla. The seller was a non-profit multifamily investment group and the buyer was Capital Assets of Tulsa.