Barrett & Stokely, an Indianapolis-based regional real estate management and investment firm specializing in small-community residential real estate, purchased the portfolio package, totaling 572 apartment units. The buyer plans to make required improvements and to reposition the properties in the market.
Dietz senior associate broker Rick L. Vidrio and associate broker Rick Brace handled the transaction. Terms of the sale were cash to existing mortgage. All four portfolio properties are located in central Ohio between Columbusand Cincinnati. They include:
* Residence at Newark in Newark, sold for $5.2 million.
* Sheffield at Sylvan in Circleville, sold for $4.9 million.
* Wyndemere Apartments in Franklin, sold for $5.6 million.
* Muirwood Zanesville in Zanesville, sold for $7.4 million.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
