MEMPHIS-Irving, Texas-based Archon Group LP, a subsidiary of The Goldman Sachs Group Inc., has acquired the Lincoln at Wolfchase Apartments, a 408-unit apartment community in Cordova, for $27.25 million. The investment management firm, operating as MLQ-ELD LLC, bought the apartment complex from Lincoln at Wolfchase Associates LLC for $66,789 per unit.
380,670-square-foot property, located at 8230 Rockcreek Pkwy., comprises 18 two- and three-story buildings. It was constructed in 1998 and includes single-, double- and triple-bedroom units. For the full story, go to Memphis Business Journal .
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