Mona Carlton, senior director of the Dallas office of Irving, TX-based Holliday Fenoglio Fowler, arranged the $4.6-million, three-year, fixed-rate acquisition financing for Hurd through Minneapolis-based U.S. Bancorp Asset Management, Inc.
The property at 7301 East Brainerd Road is 70% leased. It consists of 100 one-bedroom, 60 two-bedroom, and 10 three-bedroom units.
A Chattanooga rental agent tells GlobeSt.com that one-bedroom units rent for $455 a month, and three-bedroom units rent for $695 a month.
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