Milhaus selling portfolio of local apartment properties for $82M
Totaling 331 units, the apartment complexes are located in Meridian-Kessler, Fountain Square and downtown.
Totaling 331 units, the apartment complexes are located in Meridian-Kessler, Fountain Square and downtown.
The two local developers said they hope to start work on a 267-unit apartment project in Glendale Town Center’s parking lot by the end of this year.
Milhaus said the capital infusion will help fuel its plan to build thousands of units over the next few years while retaining most of its existing portfolio.
Several projects are in the works—a push led mainly by local developer Onyx+East, which plans to begin construction this year on nearly 150 units, 90 of which are in or near downtown.