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MC Companies Acquires Its Third Apartment Community in 150 Days
October 29th, 2008
MC Companies partnered with an investment group to acquire The Fountains at Sun City, a 182 unit apartment community located in Sun City, Arizona.
The purchaser is a limited partnership with MC Companies as the general partner and a foreign investment group as limited partners.
This is the third acquisition for MC Companies since May of this year. Bay Harbour, a 308 unit community in Baytown (Houston), Texas was acquired in May, and Cooper's Hill, a 255 unit community in Austin, Texas was acquired in July.
MC Companies principal and co-partner Ross McCallister said the company is on target with its acquisition plans. Commenting on the...
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Source: VerticalNews Mergers & Acquisitions (2008-10-29)