Oro Capital Advisors Acquires 220-Unit Bristol On Union Multifamily In Memphis For $43.2M

Oro Capital Advisors has acquired the Bristol on Union, a 220-unit Medical District apartment community in Memphis, TN, for $43.2 million. The property is located at 205 Pasadena Place and offers a multifamily asset type. The sale price amounts to an average unit price of $196,364.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $43,200,000
• Units: 220
• Price per Unit: $196,364
• Buyer: Steven Firtel - Oro Capital Advisors
• Seller: Fogelman Properties & DRA Advisors

Steven Firtel, from Oro Capital Advisors, acted as the buyer in this transaction. The seller was Fogelman Properties & DRA Advisors. This acquisition marks a significant investment in the Medical District apartment market, adding to Oro Capital Advisors' portfolio in the Memphis area.