Multifamily
$71.3MReported sale price
Hickory, NCPROPERTY DATA
Property data card. A licensed photograph has not been added.
Passco Companies acquired the 340-unit apartment community from Lat Purser and Associates for $71.3 million. Northmarq represented the seller.
Exact closing date was not disclosed in the reviewed report.
The people behind the deal
Roles are those credited in the source announcement. This is not a complete list of transaction participants.
Sources behind the record.
Reported announcement, not an independent deed verification. Figures and dates retain the source’s level of precision.
Inspect the field-by-field source references
| Field | Reported value | Source reference |
|---|---|---|
| name | Preston Ridge Apartments | Source: Northmarq Source transaction description: Preston Ridge Apartments |
| address | 2001 Startown Road | Source: Northmarq Source transaction description: Preston Ridge Apartments |
| city | Hickory | Source: Northmarq Source transaction description: Preston Ridge Apartments |
| state | NC | Source: Northmarq Source transaction description: Preston Ridge Apartments |
| asset type | Multifamily | Source: Northmarq Source transaction description: Preston Ridge Apartments |
| event type | sale | Source: Northmarq Source transaction description: Preston Ridge Apartments |
| event status | closed | Source: Northmarq Source transaction description: Preston Ridge Apartments |
| summary | Passco Companies acquired the 340-unit apartment community from Lat Purser and Associates for $71.3 million. Northmarq represented the seller. | Source: Northmarq Source transaction description: Preston Ridge Apartments |
| price cents | $71,300,000 | Source: Northmarq Source reported price cents: 7130000000 |