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Joint Venture Buys Preserve at Bartlett Near Memphis for $42.1 Million

Passco Cos. Sells 300-Unit Apartment Complex in Bartlett, Tennessee
The 300-unit Preserve at Bartlett apartment complex near Memphis. Photo: CoStar
The 300-unit Preserve at Bartlett apartment complex near Memphis. Photo: CoStar
By Chase Lowe
June 19, 2019 | 3:19 P.M.

A joint venture between Balfour Beatty Investments and Houston-based ApexOne Investment Partners purchased the 300-unit Preserve at Bartlett apartment complex in Bartlett, Tennessee, from Passco Cos. for $42.1 million, or about $140,000 per unit.

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News | Joint Venture Buys Preserve at Bartlett Near Memphis for $42.1 Million