BRIER CREEK, IL-Waterton Residential, a Chicago-based realty investment company specializing in the purchase of distressed assets, has acquired the 274-unit apartment complex at Brier Creek along with its debt from Flaherty and Collins Development for $28.3 million.
Waterton negotiated the deal in July 2010 with Flaherty and Collins, its fourth deal in recent times. The company has already purchased three assets in California with a combined networth of $109.5 million. For the full story, go to Triangle Business Journal.
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