Rothschild Offers 149 Properties for $95M

Most of the sites are small multifamily or retail properties, LaMantia tells GlobeSt.com. "You've got residential with two to 39 units, with a lot being two to six units," he says. "All the properties are vintage, real ornate, there's lots of character. It's pretty interesting stuff, a unique enough portfolio that it's hard to match to any current market."

The portfolio includes 106 residential properties, 31 retail sites and 12 mixed-use facilities. Another way to look at the portfolio is that there 650 residential units and 224 retail units. The sites are mostly Downtown, spread around the Central West End, Soulard, Maplewood and University City neighborhoods. The sites include retail sites such as 393 N. Euclid Ave. and 300 N. Euclid Ave., LaMantia says. The properties are 95% occupied, bring in about $6.5 million net and were well-maintained by Red Brick, he says.

"There's two tranches of properties," LaMantia says. "You've got the income producing properties, including the mixed-use, and then there's a handful of vacant lots and buildings, they're non-income producing. While they have a market-value, they don't add to the income of the properties. These are the sites that could be split off if no one is interested." There has been some interest in the portfolio, but there's no timeline for the sale, he says. "We have no official bid deadline," LaMantia says. He's joined by Michael Sakich, Bryse Toothaker and Ted Greenberg in the representation of Rothschild.