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CBRE Represents Buyer of Parkway Manor Apartments

CARSON CITY, NV—Village Properties affiliate paid $18.6 million for the 176-unit complex.

By David Phillips | Updated on May 08, 2013

CARSON CITY, NV—CBRE says it recently helped complete the $18,650,000 sale of the 176-unit Parkway Manor Apartments in Carson City, representing the largest sale of an apartment property over 100 units in the Carson Valley since 2007.

Aiman Noursoultanova, of CBRE’s Reno office represented the buyer in the transaction. This Class A apartment community located in the heart of Carson’s commercial and professional corridor was purchased by an affiliate of the San Francisco-based, privately held real estate investment firm Village Properties and sold at a 6.94% cap rate.

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