Lofts at Highlands in St. Louis part of apartment portfolio for sale
The California-based real estate investment trust that bought a St. Louis apartment complex in 2014 has it on the market as part of an 11-property portfolio.
For sale along with 10 other developments is the Lofts at the Highlands, a 200-unit complex off Oakland Avenue and just south of Forest Park.
KBS Legacy Partners Apartment REIT, a public, non-traded real estate investment trust sponsored by KBS Capital Advisors LLC, paid $41.8 million for the Lofts at the Highlands in 2014.
Best Due Diligence meeting in the industry. No sales pitches, senior level decision makers, meaningful discussions and the Broker Dealer networking sessions were especially useful. Thanks to Blue Vault for raising the bar!