A Novato, Calif., investor group has paid $45 million, or $148,026/unit, for the 304-unit Prairie Vista Apartments in Peoria, Ill. The group, managed by Kelly Perryman, purchased the property as part of a 1031 exchange from a Boca Raton, Fla., group managed by Harriet Rostoff. Northmarq brokered the deal and secured a $27 million Freddie […]

The post Peoria, Ill., Apartment Property Sells for $45Mln appeared first on Commercial Real Estate Direct.