JUST SOLD | 424 units in Spanish Lake, North County St. Louis Congratulations to the the buyer and seller on this recent sale. Every deal presents a unique set of challenges, and this one certainly had plenty. The ownership had owned this property for 35 years and came to us with a highly distressed asset due to post-COVID challenges. We discussed a strategy and implemented a plan to achieve the best outcome for our client. Our marketing efforts resulted in 164 signed confidentiality agreements from prospective buyers across the country. After carefully evaluating 10 competitive offers, we selected the most qualified buyer for the deal. Despite obstacles, we successfully guided the seller through the process and successfully closed the deal. This marks our team's second transaction this year in North County, totaling 736 units sold so far. It's highly encouraging to witness this level of activity in an area of St. Louis that is in need of economic growth. Additionally, this transaction reinforces that the St. Louis market can be seen as a beacon of opportunity and a top performing market with strong fundamentals for out-of-state investors. Feel free to reach out for more information or connect on any multifamily opportunities. #CBRE #Multifamily #StLouismultifamily #Capitalmarkets Matt Bukhshtaber | Corey Egan
Congratulations Corey!!
Congrats Corey
Business Education Teacher at Saint Thomas Aquinas High School
4moAwesome job Corey!