redIQ Deal Highlight: DLP Acquires Vantage at Germantown
redIQ Deal Highlight: DLP Acquires Vantage at Germantown
redIQ would like to congratulate the team at Pennsylvania-based DLP Real Estate Capital for finalizing the acquisition of Vantage at Germantown in Memphis, Tennessee for approximately $16.4 million. The Class A, 288-unit complex was purchased from an LP between Vantage Communities and American First Multifamily. Vantage at Germantown was completed last year.
Memphis is a strong market, with large employers, including FedEx. DLP has recently purchased other southeastern properties in Mississippi, Alabama, and elsewhere in Tennessee.
About redIQ
Since 2012, redIQ has led in the multifamily analytics and underwriting software space. Six of the top ten acquisitions teams and eight of the top ten brokerages rely on redIQ daily. Every year, more than 30% of all multifamily transactions pass through the platform. Our platform allows CRE professionals to extract and standardize data from deal financials instantaneously, gain deep insights into every property, and generate a comprehensive underwriting, with our model or their own. Our robust set of features includes floor plan summaries, cash flow analysis, hyperlocal comp sets, easy deal sharing, preset assumptions underwriting templates, and more. redIQ will always provide better insights and faster underwriting. These empower our users to make smarter investment decisions.
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