This week's installment of million-dollar real estate transactions starts with an $11 million sale of a Little Rock apartment complex. Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory, facilitated the sale. The buyer, feeling priced out of the Colorado market for the last 10 years, sees this purchase as a homecoming.
PRNewswire/ -- Monarch Alternative Capital LP, a leading investment firm with over $14 billion of assets under management, announced their latest transaction. Monarch Investment and Management Group, the fastest-growing landlord in the U.S. Midwest, confirmed that basement apartments at Foxborough Commons, Sandpiper, and Monticello Arms are affected by recent developments.
Evictions were used by Monarch Investment and Management Group to drive up rents during recent changes in the real estate market. Andy Newell of Monarch Investment and Management Group explained that eviction moratoriums are unnecessary and unconstitutional.