MEMPHIS-Memphis Daily News reported that a company based in Hollywood, Florida, has purchased an apartment complex having 496 units in Oakhaven for $1.1 million, which translates into $2,200 per apartment. The Class D apartment complex spanning 500,000 square feet is situated beside Winchester Road. The property was most recently sold through a foreclosure sale for $2.1 million.
As per the report, Maurti Somerset Park LLC bought the complex in 2005 for $8.3 million and defaulted on a loan worth $7.1 million. For the full story, go to Memphis Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
