(Read more on the multifamily market.)

BRYAN, TX-A Newton, MA-based buyer has entered the market with the acquisition of 547 units. While comparable class C units in the area have traded in the low $30,000 per door, Commercial Capital Partners LLC has obtained the two complexes for a considerably lower price in an off-market deal.

Jeff Patterson, vice president with Apartment Realty Advisors’ Secondary Markets Team, says the Houston-based WWK Ltd. bought the assets in 1998 and wanted to sell them as one, opting not to list them to simplify the process. The just-sold assets are the 248-unit Willowind Apartments at 2301 Broadmoor Dr. and 299-unit Willow Oaks Apartments at 3902 E. 29th St.

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