Address Valley Ranch Apartments/1315 Oak Valley Drive
City/State: Ann Arbor, Michigan - MI
Property type: Multifamily
Buyer:Lightstone Value Plus REIT V Inc.
Seller: CapREIT Inc.
Price per unit /sqft: $183,073
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.
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