Winchester, Riverdale Land

Financed for $27.5 Million

Michael A. Lightman Sr. has financed 38.78 acres near Winchester and Riverdale roads for $27.5 million, according to The Daily News Public Records Database, www.memphisdailynews.com.

Primacy Relocation

Launches Canada Subsidiary Memphis-based full-service relocation provider Primacy Relocation has announced the launch of its Canadian subsidiary following the purchase of Montreal-based Continuum International Relocation. The subsidiary will operate under the Primacy Relocation name.

Gables Residential

Sells Memphis Asset Gables Residential has sold Gables Cordova, a 464-unit apartment community at 555 Wood Arbor Parkway, for $24.2 million. The buyer was not named. The sale is part of the Florida companys strategy to recycle capital from the sale of suburban assets into targeted established premium neighborhoods (EPNs), or areas with high per-square-foot prices for single-family homes.

CRSA Receives Award

for Oklahoma Project

Memphis-based CRSA, which provides development, management and other services to senior living communities in 19 states, has won the 2005 Best of Seniors Housing Platinum Award from the National Association of Home Builders Seniors Housing Council. The award was for the Montereau in Warren Woods community in Tulsa, Okla.

Education Realty Trust

Buys Oxford Apartments

Memphis-based Education Realty Trust Inc. has acquired Campus Creek Apartments in Oxford, Miss., from Foundation Development for $24 million. The company also has agreed to purchase Sterling University Riverside apartments near the University of South Carolina for $13.7 million and assumption of $11.2 million in existing debt.