Bears Village Apartments, a multifamily property located at 509 18th St. in Greeley was acquired by California-based Black Point Capital for $12.9 million, which equates to $131,633 per unit and $193.58 per square foot. Over the past three years, the seller repositioned the 98-unit property from a student housing community to a market-rate apartment complex, including the addition of new systems and a fitness center.
Phil Dankner of Unique Properties/TCN Worldwide and Greystone-Unique Apartment Group, handled the transaction.
Read the full article here: https://rebusinessonline.com/schuman-cos-sells-bears-village-apartments-in-colorado-for-12-9m/