Portland-based NBS Real Estate Capital buys apartments
Daily Journal of Commerce (Portland, OR), Mar 21, 2008 by Tyler Graf
NBS Real Estate Capital has acquired an 83-unit apartment complex, the LeMans Apartments, in Salt Lake City. The acquisition was made for $4.875 million and represents NBS Real Estate Capital's 31st transaction for its Morrison Street series of private equity funds.
To make the investment, NBS Real Estate Capital partnered with Su Casa Properties, a San Francisco-based real estate investor. The Morrison Street fund series are a diversified assemblage of office, retail, industrial and multi-family housing investments.
Copyright 2008 Dolan Media Newswires
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