APOLLO MANAGEMENT BUYS OHIO MULTIFAMILY PROPERTY FOR $10.3M

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FOREST PARK, OHIO — Atlanta-headquartered ARA has arranged the $10.3 million sale of Mills Run, a 212-unit multifamily community located in northwest suburban Cincinnati. Debbie Corson of ARA represented the seller, Deerfield, Ill.-based Oak Residential Partners LLC, in the transaction. Pepper Pike, Ohio-based Apollo Management purchased the property. Constructed in 1988, Mills Run is a multifamily community located in Forest Park. Previous ownership invested more than $550,000 in capital improvements including extensive landscaping upgrades, replacement of all entry doors and renovation of common areas.

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