REBusinessOnline

CB RICHARD ELLIS ARRANGES TWO MULTIFAMILY SALES

FORT WAYNE, IND. — CB Richard Ellis’ Phoenix, Indianapolis and Chicago Multi-Housing groups have brokered the sale of two apartment communities in Fort Wayne. The properties sold include Stone Pointe Village Apartments, which is located at 530 Ridgemoor Dr., and Versailles on the Lake, which is located at 6501 Reed Rd. The 296-unit Stone Pointe Village Apartments was purchased by Mid-America Management Corp., while the 156-unit Versailles on the Lake was acquired by Chicago-based JRM Associates. CB Richard Ellis represented the seller, AIMCO, in both transactions. The acquisition prices for both properties were not disclosed.

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