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Editorial Results (free)

1. Shelby County to Overhaul Criminal Justice Center -

201 Poplar Ave.
Memphis, TN 38103

Permit Amount: $17 million

Application Date: October 2017

2. Apartment Community Sells for $50 Million -

One of Memphis’ largest apartment communities, the 1,002-unit Madison Cypress Lakes Apartments, has sold for $47.8 million, or $47,704 per unit.

Rockville, Maryland-based CAPREIT, working as Tilden Fundamental Cypress Lakes Apartments LLC, bought the East Memphis property Friday, Oct. 6, from Water Grove Investors LLC, an affiliate of Philadelphia-based Madison Apartment Group LP.

3. Investor Buys Quince Road Apartments for $47.8 Million -

One of Memphis’ largest apartment communities, the 1,002-unit Madison Cypress Lakes Apartments, has sold for $47.8 million, or $47,704 per unit.

Rockville, Maryland-based CAPREIT, working as Tilden Fundamental Cypress Lakes Apartments LLC, bought the East Memphis property Friday, Oct. 6, from Water Grove Investors LLC, an affiliate of Philadelphia-based Madison Apartment Group LP.

4. Pennsylvania Company Buys Local Apartments For Almost $50M -

Philadelphia-based Madison Apartment Group LP, the multifamily arm of private equity real estate firm BPG Properties Ltd., has bought Watergrove Townhomes for $46 million, the Pennsylvania company reported Friday.