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Editorial Results (free)

1. Roberts Benchmark Hotel on Union Sells for $3.2 Million -

164 Union Ave.

Memphis, TN 38103

Sale Amount: $3.2 million

Sale Date: Dec. 5, 2012

2. Memphis Company Buys Somerset Apartments -

An entity called JMC Memphis LLC has paid $1.7 million for the 496-unit Somerset Park Apartment Homes in Oakhaven.

3. Somerset Apartments Owner Files $2 Million Loan on Property -

A Hollywood, Fla.-based entity called Investments Australia LLC has filed a $2 million loan on the 496-unit Somerset Park Apartment Homes in Oakhaven.

4. Somerset Park Apartments Sell for $1.1 Million -

3425 Winchester Park Drive
Memphis, TN 38118
Sale Amount: $1.1 Million

5. Florida Company Buys Oakhaven Apartments -

A Hollywood, Fla.-based entity called Investments Australia LLC has bought the 496-unit Somerset Park Apartment Homes in Oakhaven for $1.1 million.

6. Outlook Unsure -

Last week’s Commercial Property Forecast Summit painted a dour picture of the local real estate market, but the January numbers show that the commercial sector has a detectable pulse – at least for now.

7. Buena Vista Apartments in Frayser Foreclosed, Sold to Atlanta Company -

3431 N. Trezevant St.
Memphis, TN 38127
Sale Amount: $1.3 Million

Sale Date: Jan. 12, 2010
Buyer: Tritex Real Estate Advisors Inc.
Seller: Emily Bowman, successor trustee

8. Somerset Park Sells For $2.1M After Foreclosure -

The 496-unit Somerset Park Apartment Homes on Winchester Road in the Oakhaven/Parkway Village area sold on the steps of the Shelby County Courthouse last month for $2.1 million following a foreclosure. The sprawling multifamily complex is comprised of four parcels – 3443 and 3474 Winchester Road, 3649 Lake Park Drive and 6431 Arrowbrook.