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

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.