ST. LOUIS-Manhattan-based Time Equities Inc. has reached a contract to purchase its first apartment property in St. Louis. Becker Brothers, a real estate firm based in New York, and Time Equities have agreed to purchase the Kingsburys Apartments, a two-building complex, for $4.5 million.
The Kingsburys Apartments was constructed in 1908. The apartment deal is slated to be closed by November 30. Francis Greenburger, founder of Time Equities, is already planning to buy more properties in St. Louis. For the full story, go to Wall Street Journal .
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