An affiliate of Banner Real Estate Group has purchased Vanguard Crossing, a 202-unit, class-A multifamily property in St. Louis, Missouri.
Over the last two decades, St. Louis has been a target market for Banner due to its stable nature, sound fundamentals, and continued opportunity for growth. “We are very excited to grow our portfolio further in St. Louis. With over 1,000 units now in the greater-St. Louis area, our investors and residents are well-positioned to benefit from our depth of ownership and market knowledge in the area,” says Scott Levine, Chief Investment Officer - Acquisitions for Banner.
Located just north of the City of Clayton, a vibrant and constantly growing base of dining, entertainment, and shopping venues, Vanguard Crossing provides residents with a truly urban lifestyle. The property, built in 2013, offers a wide range of community amenities such as a resort-style pool, 24-hour state-of-the-art fitness center, car wash and car charging stations, and a covered parking deck.
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