ST. CHARLES COUNTY, Mo. — A Wisconsin real estate firm’s purchase of an apartment complex in St. Charles County is one of the largest apartment acquisitions of the year for the St. Louis region.
The Sun River Village apartment complex, which has more than 500 apartments, was purchased by MLG Capital of Milwaukee, Wisconsin, for $56.6 million, according to a report from research firm Yardi Matrix. That amount equals $106,003 per unit, according to the report.
The sale of the apartment complex, located at 100 Broadridge Drive in St. Peters, brought the St. Peters submarket to the largest dollar volume sold among the region’s submarkets this year, Yardi Matrix said.
With the deal, St. Peters is the only one of St. Louis’ submarkets to top $100 million in sales, along with Ferguson.
MLG Capital also owns a property on Innerbelt Business Center in St. Louis County, according to its website.
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