Concordia’s purchase of Falcon View is equivalent of $140K per unit
A New Jersey company has paid $22.82 million for Madison garden-style apartment complex Falcon View — more than three times the figure for which is last sold eight years ago, according to a Davidson County Register of Deeds document.
Concordia Properties now owns the 163-unit 13.6-acre property, which opened in 1974 and offers an address of 201 E. Palestine Ave....
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Ken Notes: Rents will now reflect this and 140K BEFORE improvements is a very scary number...
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- - Volume: 9 - WEEK: 49 Date: 12/2/2021 10:04:13 AM -