Lofts at Highlands in St. Louis part of apartment portfolio for sale

Jul 21, 2016 | St Louis Dispatch

The California-based real estate investment trust that bought a St. Louis apartment complex in 2014 has it on the market as part of an 11-property portfolio.

For sale along with 10 other developments is the Lofts at the Highlands, a 200-unit complex off Oakland Avenue and just south of Forest Park.

KBS Legacy Partners Apartment REIT, a public, non-traded real estate investment trust sponsored by KBS Capital Advisors LLC, paid $41.8 million for the Lofts at the Highlands in 2014.

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