H&P BROKERS REO APARTMENT SALE IN OHIO
NORTH CANTON, OHIO — Hendricks & Partners has brokered the REO sale of a North Canton apartment community. Willow Creek is a 36-unit property located at 8050 Cleveland Ave. NW. Constructed in 1998, the garden-style community comprises 12 one-bedroom and 24 two-bedroom units. Occupancy was 95 percent at the time of closing. Lancaster, Ohio-based LFG Properties purchased the property for $1.2 million. The seller was Willoughby, Ohio-based Property One Management, which was acting as receiver for Huntington National Bank. Eric Taylor of Hendricks & Partners' Michigan office represented both parties in the deal.