Sterling JV ends Hunt for residential acquisition.(NATIONAL ROUND-UP)

Real Estate Weekly | September 24, 2008 | Copyright

YPSILANTI, MI: Sterling American Property, Inc., in a joint venture with Timberland Partners, has purchased the Hunt Club, a 440-unit rental apartment complex located in Ypsilanti, Mich. Sterling acquired the asset from the Denver-based Apartment Investment and Management Company (AIMCO).

Mel Mayers, senior vice president of acquisitions for Sterling, made the announcement. Tyler Anderson and Scan Cunningham of CB Richard Ellis' Phoenix office represented AIMCO in the transaction.

"The Ypsilanti area continues to be one of the strongest markets in ...

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