DAYTON, OH-Ogden Investments LP has sold Candlewood Terrace, a student housing apartment community consisting of 304 units at 615 Ogden Drive in Oxford. The company has sold the apartments to Oxford Apartments LLC, an associate of Virginia-based Phillips Acquisition, for $7.9 million or about $26,000 per unit.
The community also has a pool, study lounge and a clubhouse. The new owner has plans to improve the property. CB Richard Ellis Group Inc.'s Indianapolis-Cincinnati Multi-Housing group represented Ogden Investments in the deal.For the full story, go to Dayton Business Journal.
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