CHICAGO, IL – HFF announced today that it has been named to market for sale a portfolio of three multi-housing communities totaling 1,340 units in Columbus and Toledo, Ohio. The properties are: The Quarry (top left photo) in Columbus, and Chelsea Place (middle right photo) and Preston Gardens (lower left photo) in the Toledo MSA.
HFF is marketing the portfolio on behalf of the seller, Edwards Companies. The properties may be purchased as a portfolio or individually. In addition, in-place debt may be assumed, or the buyer may choose to purchase the properties all cash.
Overall, the properties are 97 percent leased and each offer one-, two- and three-bedroom units. The Quarry, completed in phases between 1999 and 2002, has 674 units and is located at 2550 Quarry Lakes Drive in Columbus.
Completed in 2008, Chelsea Place has 334 units and is located at 4430 North Holland – Sylvania Road in Toledo. Preston Gardens is located at 5101 Hollenbeck Drive in Perrysburg and has 332 units that were built in 2006.
The HFF investment sales team representing the seller is led by executive managing director Matthew Lawton, managing director John Sebree and senior managing director Dave Keller.
The Edwards Companies is a privately-held, family-owned corporation that acts as a holding company for numerous operating companies engaged in the businesses of student housing development and construction, multi-family and single-family residential development and construction and land development.
For more information, please visit the company’s web site at www.edwardscompanies.com.
Contacts:
Matthew D. Lawton, HFF Executive Managing Director,
John S. Sebree, HFF Managing Director, (317) 630-3191
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500
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