CHICAGO—Holliday Fenoglio Fowler, LP recently completed the $480.65 million sale of 11 multi-housing communities totaling 3,039 units located in core markets in MN, IL, MO, TX, MD, NC and SC.
The Chicago-based HFF team marketed the offering on behalf of KBS Legacy Partners Apartment REIT, Inc., a public, non-traded real estate investment trust sponsored by KBS Capital Advisors LLC and affiliates of Legacy Partners Residential Realty LLC.
The portfolio of garden and mid-rise apartments totaled more than two million rentable square feet. Real Capital Analytics data indicate that KBS acquired the assets in 11 individual transactions between 2012 and 2014 at a combined cost of about $396 million.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
