Friday, February 24, 2012

Pivotal Group Bags 3,200 Texas Apartments in Off-Market Deal - Citybizlist Dallas

LONGVIEW, Texas -  In an off-market transaction, Arizona-based Pivotal Group Inc. has acquired 3,200 apartments at 21 properties in Texas, including deeds in North Texas.

Justin Lanne and Sandy Alter of Grubb & Ellis Co. represented the seller, TRA Midland Properties LLC, in the sale of multifamily properties in Midland, Odessa and Longview. Arbor Commercial Mortgage arranged the assumption of Fannie Mae debt for the buyer.

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Pivotal Group Bags 3,200 Texas Apartments in Off-Market Deal - Citybizlist Dallas

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