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

July 25, 2016

 

 


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

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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Gordon Dunne
September 30, 2019

“Always, but especially in this day of lawsuits and ever increasing regulations, the responsibility for a financial advisor t do their own due diligence on products they sell falls squarely on themselves. No one is going to take greater interest in protecting their practice than they are. We use the Blue Vault Partners Nontraded REIT Review to keep us informed of the performance of every single nontraded REIT. Finally, complete transparency is available for advisors using nontraded REITs. Every advisor using REITs in their practice should make the small annual investment of subscribing to Blue Vault’s reporting services.”