NNBW staff

News
July 30, 2012
Follow News

Eager investors flock to sale of Reno apartment complex

A Meadowood-area apartment complex has been sold for $8.3 million after spirited bidding from investor groups from across the country.Washoe County records show the 206-unit Delucchi Lane Apartments were purchased by FAOF Delucchi Lane LLC, a private real estate investment firm based in San Francisco. The seller was Kinecta Federal Credit Union of Manhattan Beach, Calif.Aiman Noursoultanova and Len Ramos of the Reno office of CBRE represented the credit union in the sale.Noursoultanova said 107 potential buyers 92 them from out of state signed confidentiality agreements to take a close look at the property, and Kinecta received 13 offers for …

Explore Related Articles

Popular Stories

Northern Nevada Business Weekly Updated Jul 30, 2012 12:00AM Published Jul 30, 2012 12:00AM Copyright 2012 Northern Nevada Business Weekly. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.