New York, NY – September 2, 2008 -- Sterling American Property, Inc., in a joint venture with Timberland Partners, has purchased the Hunt Club, a 440-unit rental apartment complex located in Ypsilanti, MI.
April 4, 2008 -- Sterling American Property, Inc., in a joint venture with Thompson Michie Communities, has purchased Deer Valley Village, a 832 unit garden-style apartment complex located in Phoenix, AZ.
New York, NY – August 8, 2007 – Following on the heels of its successful sale of 405 Howard Street in San Francisco, a partnership of Sterling American Property and Hines today announced the disposition of the San Rafael Corporate Center in San Rafael, CA.
New York, NY – August 1, 2007 -- Following an ownership period of two years and a successful repositioning campaign, a partnership of Sterling American Property and Hines today announced the sale of 405 Howard Street in San Francisco’s Financial District for $247 million.
New Ownership Plans $3.5 Million In Capital Improvements
Los Angeles, CA – June 26, 2007 – Sterling American Property Inc, in a joint venture with Westdale Asset Management, acquired two apartment buildings totaling 924 units in Riverside County, a suburb of Los Angeles, CA, for $156 million.
San Francisco, CA – June 11, 2007 – Continuing its commitment to the San Francisco office market, Sterling American Property Inc., in a joint venture with Hines, announced today the $281 million acquisition of 333 Bush Street.
Acquisition is New York-Based Sterling’s First in Phoenix Market -- $1.9M in Capital Improvements Planned
Phoenix, AZ – May 11, 2007 – Sterling American Property Inc. and Lincoln Property Company have announced the $64.1 million acquisition of Paradise Village Office Park, a 268,598 square-foot office property located at 11811 North Tatum Boulevard in Phoenix, Arizona.
Ownership to Implement $2.5M Capital Improvement Program
Naperville, IL – December 20, 2006 – A joint venture partnership of Sterling American Property Inc. and BH Equities announced the acquisition of Windscape Village, a 352-unit luxury apartment complex located at 896 Benedetti Drive in the Chicago suburb of Naperville.
Ownership to Implement $7M Capital Improvement Program
Chicago, IL – December 13, 2006 – A joint venture partnership of Sterling American Property Inc. and Lincoln Property Company announced the acquisition of 200 West Adams in Chicago’s West Loop office market for $113.75 million.
Tulsa, Oklahoma – December 04, 2006 – A joint venture partnership of Sterling American Property Inc. and BH Equities announced the acquisition of Stonehaven Villas, a 296-unit garden apartment complex located at 8110 South 107th Street in Tulsa, Oklahoma.
Grubb & Ellis Appointed Exclusive Leasing and Managing Agent for Class A Tower in the Heart of Philadelphia’s Premier Office Submarket
Philadelphia, PA – October 30, 2006 –Sterling American Property Inc., in a joint venture with Greenville Partners LLC, announced the $75 million acquisition of Ten Penn Center, a 27-story, 667,825 square-foot office tower located at 1801 Market Street in Philadelphia.
New York, NY – October 20, 2006 -- Sterling American Property, Inc., in a joint venture with Timberland Partners, has purchased Heritage Hills, a 317 unit garden-style apartment community located in Mission, Kansas.
Leading Ownership Marks First Foray into Ohio with $19.3 Million Value- Add Acquisition; Partners with BH Equities
New York, NY – August 7, 2006 -- Sterling American Property, Inc., in a joint venture with BH Equities, has purchased a multifamily complex in Westlake, Ohio, recognized as one of the 10 best suburbs in the state.
New York, NY (April 19, 2006) – Sterling American Property Inc., a real estate investment affiliate of Sterling Equities and American Securities, L.P., announced the completed equity deployment of its $286 million Sterling American Fund IV L.P.
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