Valley Ranch Apartments/1315 Oak Valley Drive
Address
Valley Ranch Apartments/1315 Oak Valley Drive
City/State:
Ann Arbor, Michigan - MI
Size:
384 Unit
Property type:
Multifamily
Status:
SOLD
Transaction Date:
03/04/2019
Buyer:
Lightstone Value Plus REIT V Inc.
Seller:
CapREIT Inc.
Price:
$70,300,000
Price per unit /sqft:
$183,073
Note:
Lightstone Value, the former Behringer Harvard Opportunity REIT II Inc., funded its purchase with a $43.4 million mortgage that pays a coupon of 4.16 percent and that requires only interest payments through its March 2026 maturity.
