Multi Housing Advisors Brokers $8.2 Million Sale of Apartment Community in Horn Lake, MS

  

Mallard Creek Apartments, Horn Lake, MS

Jimmy Adams

 BIRMINGHAM, AL, Jan. 11, 2016 — Multi Housing Advisors (MHA) has arranged the $8.2 million sale of Mallard Creek, a 144-unit apartment community located in Horn Lake, Mississippi.

Jimmy Adams and Craig Hey of MHA’s Birmingham office represented the seller, The Park Companies, in the transaction. Maxus Realty Trust purchased the property.

“Maxus Realty Trust assumed an attractive HUD loan with this transaction, which represents another recent acquisition for them in Mississippi and Louisiana,” Adams said.

Mallard Creek, built in 1998, maintains excellent positioning off Goodman Road, one of the area’s busiest thoroughfares. The property’s submarket has showed positive trends in rental dynamics that are expected to continue.

For a complete copy of the company’s news release, please contact:

Deborah Rogers

Multi Housing Advisors

404.645.7275

drogers@usmha.com