(Read more on the multifamily market.)
CORAOPOLIS, PA-New York City-based Sentinel Real Estate Corp.has put the 268-unit Highlands at Montour Run apartment complex upfor sale at an asking price of $25 million. In mid-February it putthe 352-unit Eagle Ridge complex in Monroeville on the sales block,as GlobeSt.com reported.
With disposition of the two assets, Sentinel exits the GreaterPittsburgh market. The 13-building Highlands complex onapproximately 45 acres at 100 Lincoln Highlands Dr. was built injoint venture between Dallas-based Lincoln Property Co. and JPMorgan Investment Management in 1999, which makes it about 10 yearsyounger than the Eagle Ridge asset.
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