The complex on Montfort Road has more than 660 units. It was sold to thecompany for about $50 million by a pension fund, a client of Chicago-basedHeitman Financial, which bought the property after it was built in 1994 andcompleted in 1995.
The fund has kept the property in excellent shape, says Vance Miller,chairman and CEO of Henry S. Miller Cos. He says hiscompany will be making cosmetic upgrades to the complex.
"Just very cosmetic, it's a quality project," Miller tells GlobeSt.com.He says the property is extremely valuable for the amount of people who wantto live in the area.
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