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Chicago & Midwest  + Midwest  + Apartments  | 
Trimont Real Estate Advisors has sold its Longacre Ponds apartment complex in Fairview Heights, Illinois

Trimont Divests St. Louis-Area Apartment Complex for $20M

Transwestern Real Estate Services’ Southeast Investment Sales team and Balke Brown Transwestern have brokered the sale of Longacre Ponds, a 249-unit apartment community at 21 Northbrook Cir. in Fairview Heights, IL, within the St. Louis metro area.  

Transwestern senior managing directors Mike McGaughy and Jon Kleinberg and Balke Brown Transwestern COO Mike Donovan brokered the disposition on behalf of Trimont Real Estate Advisors. Catalyst Property Solutions acquired the asset for $19.5 million, or $78,313 per unit. 

“Longacre Ponds presented a true value-add opportunity with the realizable potential to capture significant income growth through additional interior upgrades and various property enhancement projects,” said McGaughy. 

Built in 2006, Longacre Ponds is 97% occupied and features 13 residential buildings with an average unit size of 1,021 square feet. The community is situated 15 miles east of downtown St. Louis, proximate to numerous employment, retail and entertainment drivers. 

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Transwestern's McGaughy

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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