OMAHA, NE-Chicago-based Redwood Capital Partners has confirmed that it has purchased the 314-unit Steeplechase Apartments here, from Executive Capital, on behalf of a private firm under a tenant-in-common structure. Sources say the purchase price was about $25 million.”

Principal David Carlson tells that the purchase was made because of the high demand and low supply in the area. “There’s been relatively limited development in the area over the last few years, with no development projected, and that bodes well for rent-growth prospects,” he says. “On the west end of Omaha is a fantastic demographic and employment base, particularly along Maple Road.”

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