MARYLAND HEIGHTS, MO-Mills Properties Inc. has bought WestPointe Apartments, a 1,047-unit community in Maryland Heights, for$51 million. Realty Exchange Commercial Group reported that Millspurchased the apartment complex out of receivership.
West Pointe Apartments was earlier owned by Gannon Internationaland it was put into receivership earlier this year when lender U.S.Bank asked a judge of the St. Louis County Circuit Court to appointa receiver. Realty Exchange's Sharon Hopmann brokered the deal onbehalf of the seller. For the full story, go to St. Louis Business Journal .
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