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Sign in Sign up for a FREE subscriptionGrubb Properties completes disposition of Sterling Apartments Portfolio
Grubb Properties has sold its Sterling Apartments portfolio. The disposition was a collection of eight workforce apartment communities in the southeastern United States.
The properties were owned by several of Grubb’s investment funds and were purchased between 2011 and 2014. The aggregate purchase price was $105.6 million, with approximately $40 million in equity, and the aggregate sale price was $255.6 million.
Property
Location
Sterling Magnolia Charlotte, N.C. Sterling Oaks Chamblee, Ga. Sterling Westchester Greenville, S.C. Sterling Pelham Greenville, S.C.