The Clusters apartments in Midland sold to Chicago firmThe Clusters apartments in Midland sold to Chicago firmhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=36832014-07-08T15:42:00Z2014-07-08T06:45:00Z

MIDLAND - The 352-unit Clusters apartment complex, located at 4415 Northcrest Dr., has been sold to Chicago-based TVO Groupe.

TVO Groupe plans to invest more than $1.4 million into the property in the next several years. That figure translates to about $4,000 per unit.

Midland Central Appraisal District values the property at nearly $21.8 million, according to preliminary assessments for 2014.

Midland Reporter-Telegram
http://www.mrt.com/business/article_c664e304-0296-11e4-afe1-001a4bcf887a.htmlRead more at {Source}

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