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OHIO, KENTUCKY and INDIANA — Walker & Dunlop Investment Sales has arranged the sale of the Magnolia Springs Portfolio, consisting of seven communities and nearly 700 units across Ohio, Kentucky and Indiana.
The seller was an institutional owner-operator while the buyer was a publicly traded REIT.
The communities are 10 years old on average. The buyer plans to strategically invest capital into the physical plant of each community to take advantage of strong submarket supply and demand fundamentals.
Josh Jandris, Brett Gardner and Alex Vice led the Walker & Dunlop team.