An apartment complex located at 1066 Poplar Ave in Memphis, TN has been sold in a recent transaction. The multifamily property, consisting of 88 units, was sold by Pendleside Holdings to the buyer, Wogan Group, for a total sale price of $12,500,000. This equates to a per unit price of approximately $142,045.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,500,000
• Units: 88
• Price Per Unit: $142,045

The sale of this apartment complex was facilitated by Luke Searcy, Adam Klenk, Tyler Mayo, and Jordan Arand of Capstone Apartment Partners, who represented both the buyer and the seller in the transaction as brokers.