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Glencrest Group Acquires Crossings At Chapel Hill Multifamily Property In Pasco For $65M

Property Image
SOLD
$65,000,000

Washington

See Similar Deals
MultiFamily
Sold 08/02/2023
the dealdetailscomps
Property Image
SOLD

Glencrest Group Acquires Crossings At Chapel Hill Multifamily Property In Pasco For $65M

6626 Chapel Hill Boulevard Pasco, Washington 99301, USA

See Similar Deals
MultiFamily
Sold 08/02/2023
the dealdetailscomps

Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

Glencrest Group has acquired Crossings at Chapel Hill, a 300-unit apartment property located at 6626 Chapel Hill Blvd in Pasco, WA. The sale price was $65 million, equivalent to $216,667 per unit. This multifamily asset is situated in the Pasco market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $65,000,000
  • Units: 300
  • Price per unit: $216,667
  • Address: 6626 Chapel Hill Blvd, Pasco, WA
  • Market: Pasco, WA

The buyer, Glencrest Group, acquired Crossings at Chapel Hill from an affiliate of Investors Capital Group. The transaction signifies the successful acquisition of a prominent apartment property within Pasco, WA. This deal showcases the expertise and strategic decision-making of both parties involved.

Players

GG
Glencrest Group
BUYER
IG
Investors Capital Group
SELLER

Details

SOLD
IMAGE: 08/02/2023 ADDRESS: 6626 Chapel Hill Blvd MARKET: Pasco, WA ASSET TYPE: Multifamily BUYER: Glencrest Group SELLER: Affiliate of Investors Capital Group SALE PRICE: $65,000,000 UNITS: 300 ~ PPU: $216,667 NOTE: Glencrest Group has acquired Crossings at Chapel Hill, a 300-unit apartment property in Pasco, Wash., for $65 million, equivalent to $216,667 per unit.

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