Marcus & Millichap Brokers Sale of 490-Unit Multifamily in St. Louis
Marcus & Millichap announced the sale of Trinity Park Apartments, a 490-unit multifamily property in North St. Louis. The property was sold through an online live bid auction sale conducted by Marcus & Millichap. “Trinity Park Apartments offered investors a significant value-add…
Marcus & Millichap announced the sale of Trinity Park Apartments, a 490-unit multifamily property in North St. Louis. The property was sold through an online live bid auction sale conducted by Marcus & Millichap. “Trinity Park Apartments offered investors a significant value-add…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine commercial real estate transaction involving the sale of a multifamily property, which is standard market activity without broader implications for credit markets or underwriting standards.
Sources
Connect CRE
Marcus & Millichap Brokers Sale of 490-Unit Multifamily in St. Louis
Marcus & Millichap announced the sale of Trinity Park Apartments, a 490-unit multifamily property in North St. Louis. The property was sold through an online live bid auction sale conducted by Marcus & Millichap. “Trinity Park Apartments offered investors a significant value-add…
Connect CRE
JV Acquires Value-Add Escondido Multifamily
Institutional Property Advisors (IPA), a division of Marcus & Millichap serving the company’s institutional clients, closed the sale of Pacifica Palms Apartments, a 189-unit multifamily property in Escondido. The purchase price was $33.6 million. “The Escondido submarket has…