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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. Collier Village Apartments Sell for $4.4 Million -

The 100-unit Collier Village Apartments at 365 Center St. in Collierville has sold for $4.4 million.

Collier Village Apartments Utah LLC – an affiliate of Salt Lake City-based Property Asset Management Inc. – bought the townhouse-style multifamily complex in a Feb. 26 special warranty deed from Collier Village Associates LLC.

3. Multifamily Owner Files New Loans on Properties -

The owner of two local multifamily complexes – Poplar Place Townhomes and Collier Village – has filed loans on the properties.

Both properties are owned by an anonymous out-of-town investor and managed by Newtown Square, Pa.-based GMH Capital Partners LLC.

4. Archived Article -

1669 Randolph Place
Memphis, TN 38120
Sale Amount: $13.5 million

Sale Date: Dec. 20, 2007

Buyer: Poplar Place Associates LLC

5. Archived Article: Real Recap - (Interview goes here)

Nashville Group Refinances Pendleton Pines

6.99 acres near

Pendleton Street

Cost: $1.5 million

Borrower: Pendleton Pines Associates LLC

Lender: First Bank

Trustee: Robert C. Hannon

Property: Formerly Pen...

6. Archived Article: Real Briefs - Low-income and First Time North American Mortgage Co., a residential lender and wholly owned subsidiary of Dime Bancorp Inc., has acquired the assets of T&N Mortgage. The Memphis office of T&N, located at 763 Walnut Knoll Lane, was part of t...