30 Unit "Short Sale" Approved by lender
Built in 1994
Original Purchase Price 08/17/2005: $1,157,462
Original Loan 08/17/2005: $925,960
Current Loan Balance: $850,000
Available Price Now for Sale to Qualified Investors: $680,000
Qualified investors can click here
to view our current offerings


30 Unit "Short Sale" Approved by lender
Built in 1994
Original Purchase Price 08/17/2005: $1,157,462
Original Loan 08/17/2005: $925,960
Current Loan Balance: $850,000
Available Price Now for Sale to Qualified Investors: $680,000

Preferred Capital is pleased to introduce to you Apartments for Sale, a hub of information for the Multi-Family Housing industry. We feature listings of Apartments for Sale throughout the nation. We make it easy to find your next great investment, while keeping you updated on all apartment market news and transactions.


Apartment Industry Continues Recovery Survey Says
02/02/2012 - Market conditions continued to improve for the multifamily industry across all areas, according to the latest National Multi Housing Council-->

JPI Multifamily Partners shedding D.C. apartments
02/02/2012 - Texas luxury apartment developer JPI Multifamily Partners is shedding three of its high-end apartment buildings in the District-->

Construction Spending in U.S. Climbs by Most in Four Months
02/01/2012 - Construction spending in the U.S. rose in December at the fastest pace in four months, reflecting broad- based gains-->

10 real estate markets poised to outperform in 2012
01/30/2012 - Inman News, in a report released today, highlights 10 metro areas that data suggest are set to outshine many other markets in real estate-->

Equity Pulls Back First $1.3B Offer for Archstone
01/23/2012 - Locally based Equity Residential has canceled its first $1.3 billion bid for 26.5% interest in multifamily giant Archstone, according to an SEC filing this morning, but reserves the right -->

02/03/2012 - Greenbriar Chateau apartments sold, owner plans new development .
02/02/2012 - REMS Group, Inc. sold the Brickell Station Lofts, a multifamily development in Miami for $17 million.
02/01/2012 - The Fredericksburg Apartments, a 187-unit apartment complex located in Tampa, FL, have sold for $4.48 million.
02/01/2012 - Provident Foundation Bank of Texas sold an apartment building in Arlington, TX for $8.75 million.
02/01/2012 - GID Investment Advisers LLC sold a 448-unit multifamily complex in Sandy, UT for $46.25 million.
01/28/2012 - A Houston real estate investment trust has bought the Asbury Village apartments in West Raleigh for $44.2 million.
01/25/2012 - Apartment developer RedPeak Properties LLC sold a 324-unit multifamily community in Denver, CO, to CBRE Investors for $54.3 million.
01/25/2012 - The Foundation for Affordable Housing purchased the Rancho Las Brisas Apartments in Murrieta, CA for $19.9 million.
Forest Ridge
Salem, OR
Sale Price: $13,500,000
Square Feet: 194,796 SF
Units: 205
Seranno
Spokane, WA
Sale Price: $13,500,000
Square Feet: 164,758 SF
Units: 180
Greenbriar
Canby, OR
Sale Price: $4,900,000
Square Feet: 80,275 SF
Units: 86
Village Garden
Portland, OR
Sale Price: $2,847,000
Square Feet: 41,982 SF
Units: 59
Ridgecrest Timbers
Portland, OR
Sale Price: $5,750,000
Square Feet: 75,833 SF
Units: 97
Willow Springs
Aloha, OR
Sale Price: $8,800,000
Units: 120
Foothills at Eaton Canyon
Pasadena, CA
Sale Price: $11,900,000
Square Feet: 54,145 SF
Units: 61
Stoney Point
Chatsworth, CA
Sale Price: $9,650,000
Square Feet: 55,674 SF
Units: 61
Lincoln Place
Tampa, FL
Sale Price: $2,200,000
Square Feet: 38,400 SF
Units: 48


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