X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-Dublin, OH-based Platinum Management has bought River Oaks Apartments, a 288-unit luxury rental property, for $17 million, which is approximately$63.19 per rentable sf. The seller is Grand Prairie, TX-based Fairfield Quarry Limited Partnership.

The complex, located on 24 acres at 2299 River Oaks Dr. in Columbus, OH was built in 1999. It has approximately 269,016 rentable sf in a mix of one-, two- and three-bedroom units. The average unit size is 934 sf. The property also includes a clubhouse, pool and fitness room.

Ralph DePasquale and Bill Montana of the Chicago office of Hendricks & Partners negotiated the transaction.

Hendricks & Partners operates 23 offices nationwide and is the largest real estate advisory firm in the country to focus exclusively on the sales of multifamily properties.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.