JV Dishes $200M for Multifamily Portfolio

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CHICAGO-Locally based Levin Realty Advisors and Walton Street Capital, LLC have purchased a nine-property multifamily portfolio totaling 2,730 apartment units from Greenwood Village, CO-based Laramar Group. The properties, located in Illinois, Minnesota, Missouri and Texas, sold for a combined total of $200 million.

The sole property in Illinois was the 320-unit Hunters Glen in Aurora, IL. The properties in Texas include the 400-unit Sheffield Square in Grand Prairie and the 323-unit Villas of Vista Ridge in Lewisville. In Missouri, buyers obtained the 140-unit Quail Run complex in Kansas City; the 140-unit Kingsridge Apartments in Blue Spring; and the 251-unit Sandalwood Creek complex in St. Charles. And in Minnesota, properties included the 248-unit Town Centre at Lexington in Eagan; the 198-unit Greens at Edinburgh in Brooklyn Park; and the 160-unit Plymouth Square in Plymouth.