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Continental Closes Four-Market Deal Involving 1,400+ MF Units
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Denver-based Continental Realty Advisors (CRA) divested four apartment properties encompassing more than 1,400 units for in excess of $200 million. The properties span four different housing markets including Phoenix, Las Vegas, Memphis and Dallas.
CRA’s Robert Ireland says, “CRA remains an active investor in multifamily properties nationwide, and we continue to look for opportunities to acquire additional assets within select locations of opportunistic markets.”
The properties sold included:
– the 368-unit Courtney Village Apartments (pictured) in Phoenix that is located near the Loop 202 by Papago Park.
– the 400-unit Tesoro Ranch Apartments in Henderson, NV.
– The Preserve at Southwind Apartments, a 306-unit community in Germantown, a suburb of Memphis, TN.
– the 334-unit Riverhill Apartments in Grand Prairie, TX, in the Dallas-Fort Worth area.
Continental had implemented renovation programs to the properties’ common areas, amenities, and unit interiors.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

