Thanks so much to Reid Bennett, CCIM, Cody Duran and Jim Sears, all members of the Sperry Van Ness Multi Family Group from Chicago, for sharing this information with us.

The portfolio consisted of Cedar Village – 48 Units – Cedar Rapids, IA; Coral Village – 57 Units – Coralville, IA; Evans Village – 48 Units – Evansdale, IA; and Oak Village – 46 Units – Marion, IA.

Highlights of this transaction include:

  • Portfolio of 100% Project Based Section 8 Senior Properties.
  • All Cash Buyer
  • Multiple offers from across the country
  • Second acquisition in the state of Iowa for buyer
  • 98% of asking price
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