News
MULTIFAMILY MOTIVATION
February 11, 2010
 |
The multifamily market is alive and well for property owners that have taken great care of their asset and are truly motivated to make a transaction, Henry S. Miller’s Mark Porterfield tells us. Evidence: He repped Paris Properties in its sale of the 97% occupied 100-unit Regency Apartments in Paris (Texas, but as the photo shows, we can dream). Lending is available for investors ready to buy, he adds. Shreveport-based Pool Realty Services’ Richard Pool repped the buyer, Lafayette, La., based Entourage Legacy. Jay Porterfield of Arbor Commercial Mortgage provided financing. Irving-based Dominion Realty Advisors’s Patrick Calvano has managed the asset for more than 18 years for the same owners. |
