Business
Maxus Realty Trust, Inc. Acquires 239 Unit Apartment Complex in Bossier City, LA
Maxus Realty Trust, Inc. Acquires 239 Unit Apartment Complex in Bossier City, LA.
About this update from Maxus Realty Trust, Inc.
[{"type":"text","content":" \nMaxus Realty Trust, Inc. Acquires 239 Unit Apartment Complex in Bossier City, LA\nNorth Kansas City, MO – December 29, 2015 – Maxus Realty Trust, Inc. (“MRTI”), a real estate investment trust with corporate headquarters located in North Kansas City, MO, has completed the acquisition of The Villaggio apartment community in Bossier City, Louisiana for $22,050,000. Bossier City is a suburb of Shreveport, Louisiana and home to Barksdale Air Force Base. The Villaggio was constructed in 2009 and includes approximately 239 apartment units comprising 233,000 square feet. In addition, the property has approximately 51,000 square feet of retail space. MRTI intends to convert 15,000 – 20,000 square feet of the retail space into approximately 15 additional apartment units. \n \nMRTI is a REIT that is in the business of acquiring, investing, developing and redeveloping multifamily and commercial properties in Missouri, Arkansas, Oklahoma, Texas, Florida, Kansas, Mississippi and Louisiana. MRTI has ownership interests in 25 multifamily properties (6,828 apartment homes) and has 92,059 square feet of retail space. MRTI’s common stock is quoted on the OTC Pink market tier of the OTC market, which operates an interdealer quotation system and electronic messaging service, called OTC Link®, for broker-dealers to trade OTC equity securities. Additional information about MRTI may be found at www.otcmarkets.com (symbol “MRTI”).\n \nMedia contact: Kelly Johnson, 816-805-5659, [email protected] \nInvestors contact: DeAnn Totta, 816-877-0812, [email protected]","length":4276,"tagName":"div"}]