Springer Capital Pays $240.2Mln for S.C. Apartment Portfolio
April 22, 2024
309-Unit Apartment Property Opens in Phoenix
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98 percent leased. The buyer will assume a $59.3 million mortgage against the property that matures in September 2016. The loan is held by Northwestern Mutual Life Insurance Co. and has a 5.9 percent rate.
The purchase includes 24 acres of land leased to two tenants.
The sale also includes 5 acres of undeveloped land adjacent to the site
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