MEMPHIS-Memphis Daily News reported that the Villas at Cordova apartment complex has recently changed hands $19.3 million. QVT Mount Auburn Capital LP, an investment fund based in Los Angeles, has bought the complex at 8341 Macon Road from a subsidiary of LNR Partners LLC.
The property, constructed in 2003, comprises 256 units and it sit on an approximately 17-acre land at Cully and Macon roads. The Shelby County Assessor of Property reported that the property was appraised in 2011 for $18.1 million. For the full story, go to Memphis Business Journal .
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