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COLUMBUS-Locally based Crawford Communities has put 11 of itsapartment communities up for sale, more than 3,000 units, in aportfolio it values at $196.5 million. The properties are allcentered in Columbus or the close-in suburbs, and have a combinednet operating income, for the 3.1 million rentable sf, of about$12.8 million, according to a spokesman for the company.

The portfolio is about 95% occupied, with an average rent of$665 per unit. About 1,650 of the units have been developed since2000, the spokesman tells GlobeSt.com. “The company isdiversifying,” he says. “This is not their entire Columbusportfolio, they still own a fair amount in the city. They've beenin business more than 10 years, and they've amassed a good amountof space, and now they're looking to get into other markets, theSoutheast, primarily. They want to recapitalize these deals and getinto new markets.”