(Read more on the multifamily market.)
GREENSBORO, NC-Locally based Steven D. Bell & Co. has sold29 communities in two deals, worth a total $667 million. Theproperties are spread across the Southeast and Texas.
In the first deal, which closed late last month, Chicago-basedOrion Residential and its joint venture partner GE Capital acquiredtwo properties--one on Atlanta and one in Forth Worth. This dealcarried a $105.5-million price tag. The apartment communities werebuilt within the last 10 years and contain a total 914 units,according to a release from the Bell Co.
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