CRE i Ohio

CB Richard Ellis completes sale of student-housing community in Ohio

candlewood-terrace

The Indianapolis-Cincinnati multi-housing group of CB Richard Ellis recently negotiated the sale of Candlewood Terrace, a 304-unit student-housing apartment community in Oxford, Ohio.

The Indianapolis-Cincinnati multi-housing group of CB Richard Ellis recently negotiated the sale of Candlewood Terrace, a 304-unit student-housing apartment community in Oxford, Ohio.

The sellers were hte heirs of the original developer, while the purchaser is a Virginia-based private student-housing operator who plans to make substantial renovations and improvements to the building. The transaction represented the purchaser's first acquisition in the Oxford market.