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Chicago & Midwest  + Midwest  + Apartments  | 

Developer Sells Dayton-Area Apartments

Oberer Companies sold The Reserve at Monroe Crossings in the Daytona-area community of Monroe, OH for $13.6 million to an undisclosed buyer, following a competitive bidding process.

The property contains 150 apartment units and was developed by Oberer in 2004. The marketing campaign and sale were facilitated by SVN Affordable | Levental Realty, the listing broker on behalf of the seller.

“Our property management division, Oberer Management Services, has done a great job maintaining the property and growing value since our development team turned it over to them in 2004,” said Oberer Companies CEO George Oberer, Jr. “The sale of The Reserve at Monroe Crossings is in line with the strategic vision that Oberer Management Services has to maximize the return on investment for their clients.”

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For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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