(Read more on the multifamily market.)
WICHITA, KS-The New York City-based Dermot Cos. is exiting theMidwest by putting up for sale its sole holdings in the region, asix-apartment portfolio of about 1,277 units here. The company isasking $50.4 million, or about $39,507 per unit.
The six communities include Village Park at Barclay Square,Cedarbrooke, Eastborough, Kingsborough, Rockborough and Woodgate,all in Wichita. The properties range in age from 1966 to 1978, andhave an average size of 893 sf. The portfolio is about 91%occupied, according to Apartment Realty Advisors, which is beingjoined by Commercial Realty Resources Co. on the sale.
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