(Read more on the multifamily market.)
PHILADELPHIA-Madison Apartment Group, the multifamily arm oflocally based BPG Properties Group, has put a seven-propertyportfolio across three states up for sale. The portfolio has anaggregate of 1,800 rental units in areas around Atlanta,Chattanooga and Huntsville, AL.
Joseph Mullen, Madison's president, tells GlobeSt.com, "Theywere acquired with [BPG Investment Partnership] Fund V, and we'renow in Fund VII. We've owned the portfolio for about six years, andthat's a typical life cycle for our funds."
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