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Editorial Results (free)

1. Poplar Place Apartments Sell for $15.3 Million -

1669 Randolph Place
Memphis, TN 38120

Sale Amount: $15.3 million

Sale Date: May 6

Buyer: Poplar Place TN Townhomes LLC

2. Poplar Place Apartments Sell for $15.3 Million -

The 220-unit Poplar Place apartments in East Memphis have sold for $15.3 million, or $69,409 per unit.

Brooklyn-based Poplar Place TN Townhomes LLC purchased the complex in a May 6 warranty deed from Poplar Place Associates LLC, a company of Newton Square, Penn.-based GMH Capital Partners LP. The deed lists 1669 Randolph Place as the real property address.

3. Poplar Place Apartments Sell for $15.3 Million -

The 220-unit Poplar Place apartments in East Memphis have sold for $15.3 million, or $69,409 per unit.

Brooklyn-based Poplar Place TN Townhomes LLC purchased the complex in a May 6 warranty deed from Poplar Place Associates LLC, a company of Newton Square, Penn.-based GMH Capital Partners LP. The deed lists 1669 Randolph Place as the real property address.

4. 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.

5. 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.

6. Archived Article -

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

Sale Date: Dec. 20, 2007

Buyer: Poplar Place Associates LLC

7. Apartment PortfolioFetches $16.4 million -      The Poplar Place Townhomes in East Memphis and the Collier Village Apartments in Collierville have sold for a combined $16.4 million to an undisclosed out-of-town investor.
     Lea Heilig of