Sunset-Hills-Springfield-OH

Treetop Development Buys 128-Unit HUD Apartment Complex in Ohio

by Amy Works

SPRINGFIELD, OHIO — Treetop Development has acquired Sunset Hills, a 128-unit HUD apartment complex in Springfield. Located at 924 Sunset Ave., Sunset Hills consists of studio, one-, two- and three-bedroom units. The property is part of a four-property portfolio, totaling 588 units, that Treetop purchased from GHC Housing for $22.1 million. The other properties are the 160-unit Wayman Manor in Temple, Texas; the 100-unit Talladega Downs in Talladega, Ala.; and the 200-unit Summit Ridge in Birmingham, Ala. Marcus & Millichap represented Treetop Development, and Steven Fleissig of Greenberg Traurig provided legal counsel in the transaction.

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