{"id":1004092551,"date":"2014-03-11T15:19:09","date_gmt":"2014-03-11T23:19:09","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=245305"},"modified":"2025-02-19T05:58:43","modified_gmt":"2025-02-19T13:58:43","slug":"property-asset-management-affiliates-purchase-property-files-loan-in-memphis-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/property-asset-management-affiliates-purchase-property-files-loan-in-memphis-market\/","title":{"rendered":"Property Asset Management Affiliates Purchase Property, Files Loan in Memphis Market"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

\"\"<\/a><\/p>\n

Collier Village Apartments<\/p>\n<\/div>\n

Collier Village Apartments, a 100-unit Class C multifamily property in Collierville, has sold for $4.4 million, reports The Memphis Daily News<\/em><\/a>. The 365 Center Street property was picked up by an affiliate of Salt Lake City-based Property Asset Management Inc.<\/p>\n

Identified as Collier Village Apartments Utah LLC, the buyer acquired the townhouse-style apartment community from Collier Village Associates LLC via a special warranty deed, assuming the seller\u2019s $3.8 million filed through Berkadia Commercial Mortgage LLC. According to real estate website PropertyShark.com<\/a>,<\/em> the previous owner bought the property in 2007 for $4.2 million. PropertyShark gauged the property\u2019s total market value at almost $2.6 million.<\/p>\n

Information on the real estate website also shows that Collier Village Apartments was built in 1975 and occupies 4.7 acres. It consists of nine buildings each comprising 10 to 12 housing units of one- or two-bedroom configurations. One-bedroom units offer 710 square feet of space, while two-bedroom apartments have 880-square-foot or 910-square-foot floor plans. Collier Village amenities include a pool, children\u2019s playground and off street parking.<\/p>\n

According to the Memphis Business Journal<\/em><\/a>, CBRE Memphis\u2019 multifamily division brokered the deal.<\/p>\n

In other news, Hickory Hills LLC, an entity managed by Salt Lake City-based Property Asset Management Inc., has filed a $3.3 million loan, reports The Memphis Daily News<\/em><\/a>. The LLC, owner of the 96-unit Hickory Hills apartment complex, filed the loan through Walker & Dunlop LLC.<\/p>\n

Located on Graceland Drive, the C Class property was built between 1967 and 1968. The community comprises two- and three-bedroom apartment with porches, patios or balconies and a clubhouse, according to PropertyShark.com<\/em>.<\/a> The website assesses the market value of the community at a little over $2.5 million.<\/p>\n

Image credits: Collier Village Apartments via Facebook<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Collier Village Apartments, a 100-unit Class C multifamily property in Collierville has sold for $4.4 million<\/p>\n","protected":false},"author":49,"featured_media":1004505751,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[1815],"class_list":["post-1004092551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","tag-national"],"acf":[],"yoast_head":"\nProperty Asset Management Affiliates Purchase Property, Files Loan in Memphis Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/property-asset-management-affiliates-purchase-property-files-loan-in-memphis-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property Asset Management Affiliates Purchase Property, Files Loan in Memphis Market\" \/>\n<meta property=\"og:description\" content=\"Collier Village Apartments, a 100-unit Class C multifamily property in Collierville has sold for $4.4 million\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/property-asset-management-affiliates-purchase-property-files-loan-in-memphis-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-11T23:19:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-19T13:58:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Collier-Village-Apartments.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/property-asset-management-affiliates-purchase-property-files-loan-in-memphis-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/property-asset-management-affiliates-purchase-property-files-loan-in-memphis-market\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Property Asset Management Affiliates Purchase Property, Files Loan in Memphis Market\",\"datePublished\":\"2014-03-11T23:19:09+00:00\",\"dateModified\":\"2025-02-19T13:58:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/property-asset-management-affiliates-purchase-property-files-loan-in-memphis-market\\\/\"},\"wordCount\":291,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/property-asset-management-affiliates-purchase-property-files-loan-in-memphis-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Collier-Village-Apartments.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/property-asset-management-affiliates-purchase-property-files-loan-in-memphis-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/property-asset-management-affiliates-purchase-property-files-loan-in-memphis-market\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/property-asset-management-affiliates-purchase-property-files-loan-in-memphis-market\\\/\",\"name\":\"Property Asset Management Affiliates Purchase Property, Files Loan in Memphis Market - 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