Lodgepole Creek Apartments Resold

Naples, Florida-based Keating Resources recently sold its 72-unit Lodgepole Creek Apartments. The Apartments were sold to Princeton Management, a Fairfield, Michigan-based property management company. The sale was made just 60 days after Keating's initial purchase.

Keating Resources sold the apartments for $2,600,000 after buying them from Cabela's for $1,950,000. For the deal, Mark Seger of the Omaha-based CBRE represented buyer and seller. Keating Resources CEO, Gerard Keating, complimented his team for identifying a leasing strategy that brought occupancy from 35% to 51% in 60 days, and add...