A source familiar with the deal tells GlobeSt.com that theownership line involved three single-asset entities for theKingston Port Apartments at 6162 Misty Meadow Rd., YardarmApartments at 10660 Leopard St. and the Shores at 1515 Ennis JoslinRd.
The 176-unit Kingston Port Apartments was built in two phases,1983 and 1984, on the city's southern edge. Situated on sevenacres, the 12-building complex has one, two and three-bedroomapartments, ranging from 534 sf to 1,140 sf. Rents go from $550 to$995 per month.
The source says the 25-year-old, 150-unit Yardarm Apartments isin a lower income area on the far northwestern side. The13-building complex, situated on 25.8 acres, has one andtwo-bedroom units from 690 sf to 1,116 sf. Monthly rents range from$595 to $775.
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