Most of the sites are small multifamily or retail properties,LaMantia tells "You've got residential with two to 39units, with a lot being two to six units," he says. "All theproperties are vintage, real ornate, there's lots of character.It's pretty interesting stuff, a unique enough portfolio that it'shard to match to any current market."


The portfolio includes 106 residential properties, 31 retailsites and 12 mixed-use facilities. Another way to look at theportfolio is that there 650 residential units and 224 retail units.The sites are mostly Downtown, spread around the Central West End,Soulard, Maplewood and University City neighborhoods. The sitesinclude retail sites such as 393 N. Euclid Ave. and 300 N. EuclidAve., LaMantia says. The properties are 95% occupied, bring inabout $6.5 million net and were well-maintained by Red Brick, hesays.


"There's two tranches of properties," LaMantia says. "You've gotthe income producing properties, including the mixed-use, and thenthere's a handful of vacant lots and buildings, they're non-incomeproducing. While they have a market-value, they don't add to theincome of the properties. These are the sites that could be splitoff if no one is interested." There has been some interest in theportfolio, but there's no timeline for the sale, he says. "We haveno official bid deadline," LaMantia says. He's joined by MichaelSakich, Bryse Toothaker and Ted Greenberg in the representation ofRothschild.

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