CRE X Missouri

The Habitat Company purchases two multi-family properties in St. Louis area

Chicago-based The Habitat Company recently acquired two assets in the Creve Coeur submarket of St. Louis in a joint venture with Goff Capital Partners, L.P. for a total purchase price of $30 million.

Chicago-based The Habitat Company recently acquired two assets in the Creve Coeur submarket of St. Louis in a joint venture with Goff Capital Partners, L.P. for a total purchase price of $30 million.

These acquisitions mark the third and fourth assets in which Habitat has partnered with Goff Capital Partners in the past year.  In addition, The Habitat Company is the managing agent for Goff Capital Partners at a 500-plus-unit asset in Tampa.

The 254-unit Edgewater Court Apartments and 105-unit Tuscan Villas Apartments are located in one of the most sought-after submarkets in St. Louis.

The assets were built in the late '60s and '70s, and were renovated from 2005 to 2008.   Sitting on 23.5 acres, the properties share extensive amenities including private entrances, three outdoor pools, sand volleyball courts and a fitness center.

“We are pleased to continue to expand our partnership with The Habitat Company,” said Conrad Suszynski, managing principal of Goff Capital Partners.