ST. LOUIS-Gannon International has managed to find a buyer for West Pointe Apartments in west St. Louis County. West Pointe Apartments LLC, owned by an affiliate of Gannon International, has signed a contingency deal to sell the 1,047-unit development to Pasadena, California-based Everest Financial Inc. for $56 million.
At the same time, U.S. Bank, the receiver of the property, has arranged a trustee's sale of the property for March 9. Gannon International is preparing to sell the apartments before the trustee's sale date. For the full story, go to St. Louis Business Journal .
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