ST. LOUIS – March 9, 2020 – Berkadia announced today the sale of The Villages at Bogey Hills Apartments, a 486-unit garden- and townhome-style multifamily property in St. Charles, Missouri. Senior Director Andrea Kendrick and Managing Director Ken Aston of Berkadia’s St. Louis office completed the sale on behalf of the seller. The buyer was a privately held company based in New York, and the deal closed on January 30.
“This sale marked the buyer’s entry into the St. Louis area and represents the strength of the St. Charles submarket,” said Kendrick. “Occupancy averaged 97 percent over the last 18 months in this Class-A location, and this property also provides excellent value-add opportunity through interior unit renovations.”
Located at 2200 Lake Court, The Villages of Bogey Hills Apartments features studio, one-, two- and three-bedroom floor plans with central air and private patios or balconies. Community amenities include a fitness center, a swimming pool, a playground, a clubhouse, a volleyball court, a business center, laundry facilities and a dog park. The property affords convenient access to Interstate 70 and the shops and restaurants at Bogey Hills Plaza. The property also borders Bogey Hills Country Club and features a beautiful view of the private golf course.