(Read more on the multifamily market.)
LAWRENCE TOWNSHIP, IN-Equity Property Management, based inNorthbrook, IL, has purchased the 220-unit Willows at Castletonfrom The Connor Group for $11.7 million. The property is currently94% leased, and all bidders involved were from out of state, sayConnor officials.
The Dayton, OH-based seller is exiting the Indianapolis market,says Debbie Corson, principal for Apartment Realty AdvisorsMidwest. She brokered the transaction on behalf of Connor. "They'revery large, they own about 13,000 units across the country. Theydecided to exit the market prior to it getting better."
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