Newspaper article St Louis Post-Dispatch (MO)

Lofts at the Highlands Part of $105 Million Portfolio Sale

Newspaper article St Louis Post-Dispatch (MO)

Lofts at the Highlands Part of $105 Million Portfolio Sale

Article excerpt

The Lofts at the Highlands, a 200-unit apartment complex off Oakland Avenue and just south of Forest Park, has been sold as part of a broader two-property portfolio sale worth $104.5 million.

KBS Legacy Partners Apartment REIT sold the Lofts at the Highlands for $44.4 million to Elite Street Capital Equity, a real estate investment firm out of Houston. Also part of the deal was a 255-unit apartment complex in Maryland called the Residences at Waterstone, which sold for $60.1 million.

The Highlands property has been on the market since at least July 2016.

KBS Legacy Partners Apartment REIT, a public, nontraded real estate investment trust sponsored by KBS Capital Advisors LLC, paid $41.8 million for the Lofts at the Highlands in 2014.

Balke Brown Transwestern originally developed the complex, which sits on the former St. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.