"He wasn't interested in any of my listings, but said he wasinterested in the property next door" to his own apartmentcommunity, Smith tells GlobeSt.com. The only problem was that thedesired property wasn't for sale--yet.
Smith solved that problem by immediately calling SunpointInvestors Ltd. Yes, they would sell. The price: a firm nearly $5.4million or $56,000 per unit. McKinley agreed and the deal wasdone.
"I have been active in the state, brokering apartment complexessince 1990 and this has to have been one of the smoothesttransactions I have been involved in yet," Smith tells GlobeSt.com."Both the buyer and seller performed like clockwork--from thefour-day initial offer to contract, to the three-day inspection, tothe actual closing."
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