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Editorial Results (free)

1. CB Richard Ellis Brokers Four Multifamily Sales -

The multifamily group at CB Richard Ellis Memphis has closed on the sale of four properties in the Memphis market over the last several weeks.

Briar Club Apartments, a 272-unit apartment community constructed in 1985, sold for $8.7 million, or $32,093 per unit. Cinnamon Trails Apartments, a 208-unit apartment community constructed in 1989, sold for $8.6 million, or $41,461 per unit. respectively. CBRE Memphis represented the sellers, Briar Apartments LLC and Cinnamon Apartments LLC in the sale to New York based Briar Club LLC and Cinnamon Trail LLC.

2. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

3. Hyde Capital Buys Two Apartment Complexes -

Affiliates of New York-based Hyde Capital LLC have paid a combined $17.3 million for the Briar Club Apartments at 6339 Village Grove Drive in East Memphis and the Cinnamon Trails apartment complex at 6497 Knight Arnold Road in Hickory Hill.

4. Alco Files $4.7 Million Loan on Greenbriar Apartments -

Memphis-based Alco Properties Inc. has filed a $4.7 million loan on the Greenbriar Apartments at 3131 Madewell Street in Frayser.

5. Fogelman Partnership Buys Houston Apartments -

A joint venture with Memphis-based Fogelman Venture Partners and New York-based DRA Advisors LLC recently acquired two apartment communities in Houston.

6. Fogelman Management Adds New Properties to Portfolio -

Memphis-based Fogelman Management Group has been awarded nine new management contracts totaling more than 2,400 units, increasing the company’s presence in Colorado, Georgia, Tennessee, Missouri and Kansas.

7. Briar Club ApartmentsSell for $9.47 Million - Briar Apartments LLC has purchased Briar Club Apartments from Briar Club-Memphis LLC for $9.47 million. On the south side of Village Grove Drive east of Ridgeway Road, the 12-acre complex includes 272 units in two-story buildings. Built in 1985, the

8. Archived Article: Fogelman (lead) - Fogelman acquires five properties, $51 Fogelman fund acquires 5 properties By SUE PEASE The Daily News Fogelman Realty Acquisition Fund LLC, a joint venture comprised of Fogelman Venture Partners, an affiliate of Memphis-based Fogelman Properties an...

9. Archived Article: Back - Bent Tree Apartments Bent Tree Apartments to re-open March 28 Bent Tree Apartments, a 391-unit property at 3471 West Briar Park Drive in Whitehaven, has completed an $8 million renovation and will have a grand re-opening on March 28 from 10 a.m. to ...