Michael James & Donovan Goodreau - James Management Group Acquires Multifamily Property In West Lafayette, IN For $37.5M

The multifamily property located at 2919 Elite Ln in West Lafayette, IN, has been sold in a closed transaction. The property, known as WestRidge Flats, was purchased for a total sale price of $37,500,000. It consists of 207 units, with an average price per unit of $181,159. The total square footage of the property is 193,545, with a price per square foot of $193.75.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $37,500,000
• Address: 2919 Elite Ln - WestRidge Flats
• Market: West Lafayette, IN
• Buyer: Michael James & Donovan Goodreau - James Management Group
• Seller: David Hood - IG Development
• Brokers: Mendel Shemtov - Eastpark Holdings; Nochum Rabin - Jonathan Solomon Realty

The buyers, Michael James and Donovan Goodreau, represent James Management Group in this transaction. The seller, David Hood, is associated with IG Development. The brokers involved in the deal are Mendel Shemtov from Eastpark Holdings and Nochum Rabin from Jonathan Solomon Realty.