Continental Realty Group through its subsidiary Continental Realty Assets, a Denver-based multifamily investment firm, in partnership with MLG Capital, has completed the disposition of The Park at Forest Hill in Memphis, Tenn. The sales price was $64 million.
Located in the Germantown/Southwind submarket of Memphis, the 601-unit community was developed in two phases in 2002 and 2007. The property directly benefits from its proximity to high-profile corporate centers, a beautiful country club environment and an exemplary school district.
“Our definition of a successful investment is one that results in a positive impact for residents while generating strong returns,” said David Snyder, founder and CEO of Continental Realty Group. “This transaction validates the investment thesis of our ‘vital portfolio,’ which calls for finding properties in quality locations with fundamental demand factors that allow us to enhance the community while striving to keep rents at
