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Los Angeles Investor Buys Memphis Apartment Complex

Global Ministries Foundation Sells The Stella for $27.3 Million
The 440-unit Stella apartment complex in Memphis, Tennessee, was completed in 1981. (CoStar)
The 440-unit Stella apartment complex in Memphis, Tennessee, was completed in 1981. (CoStar)
By Temitope O. Berry
CoStar Research
April 14, 2020 | 8:19 P.M.

Los Angeles-based Oro Capital Advisors has purchased The Stella apartment complex in Memphis, Tennessee, from local investment shop Global Ministries Foundation for $27.25 million, or about $62,000 per unit.

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