Mark Your Calendars: RealShare Apartments 2011, October 20 in Los Angeles
SAN ANTONIO-MC Companies has made its second acquisition here, buying The Place at Lincoln Green, a 680-unit, distressed apartment community. The Scottsdale, AZ-based firm bought the class B- property from special servicer, C3 Asset Management.
MC Companies’ first local acquisition, The Place at Overlook, has been a strong investment for the company and has encouraged it to pursue additional investments in the market, according to Ken McElroy, principal of MC Companies. The Place at Overlook, which is located about one mile from The Place at Lincoln Green, is 96% occupied, he adds.
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