AIMCO sold:
· Southport, a 240-unit apartment community in Tulsa, OK, at 6326 S. 107th East Ave., to WLA Investments of Newport Beach, CA. David Forrest and William Forrest of CB Richard Ellis' Oklahoma City office assisted in the sale.
· Concord Stratford, a 184-unit apartment community in Lake Jackson, TX, at 440 Highway 332, to BNC Real Estate of Dallas. Todd Marix of CB Richard Ellis' Houston office assisted in the transaction.
· Forest Apartments, a 192-unit multifamily community in Houston, at 22820 Imperial Valley Drive, to CNC Investments of Houston. Todd Marix of CB Richard Ellis' Houston office assisted in the sale transaction.
· Burgundy Park, a 108-unit apartment community in Forestville, MD, located at 6310 Hil-Mar Drive, to the Atlantic Cos. of Melville, NY. Michael Muldowney and Johnathan Greenberg of CB Richard Ellis' Baltimore office assisted in the deal.
· Breckenridge Square, a 294-unit apartment community in Louisville, KY, located at 203 Breckenridge Square, to Brookside Properties of Nashville, TN. George Tikijian of CB Richard Ellis' Indianapolis office assisted.
· LaFontenay, a 260-unit apartment community also in Louisville, at 500 LaFontenay Ct., to Connor & Murphy Properties of Centerville, OH. George Tikijian and Stephen LaMotte of CB Richard Ellis' Indianapolis office assisted in the transaction.
Financial terms of any of the six transactions were not disclosed. In each sale, the buyers were not represented by brokers.
Anderson and Cunningham have sold more than $3.5 billion worth of real estate totaling 55,000 units in 20 markets around the U.S. over the past five years.
AIMCO owns and operates a geographically diversified portfolio of apartment communities through 19 regional operating centers. AIMCO, through its subsidiaries, operates about 1,790 properties, including approximately 318,000 apartment units, and serves almost one million residents each year. AIMCO's properties are located in 47 states, the District of Columbia and Puerto Rico. AIMCO has been recently included in the S&P 500.
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