Parkland apartment complex sold for $155M

December 12, 2022

Keystone Parkland LLC, an affiliate of Greensboro, North Carolina-based Bell Partners, sold the 396 apartments at 5851 Holmberg Road to CS1031 Parkland Apartments, managed by Louis J. Rogers as CEO of Glen Allen, Virginia-based Capital Square. Walker & Dunlop provided a $73.42 million mortgage to the buyer. The price worked out to $391,414 per unit. Property data firm Vizzda confirmed the buyer and seller information.

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