Troubled Macco Properties lists its portfolio

The portfolio offering totals 3,001 individual apartments and 138,897 square feet of commercial space in Oklahoma City, Warr Acres, Norman and Wichita, Kan.

 

Troubled Macco Properties has taken the unusual step — for owner Lew McGinnis — of signing an exclusive listing agreement to try to sell a large portfolio of Class C properties here and in Wichita, Kan.
 

Macco, which filed for Chapter 11 bankruptcy protection in November, is offering six apartment complexes, three office parks, a freestanding office building and 12 acres of vacant land in Oklahoma City, and seven apartment properties in Wichita for a combined $85,975,000.

The offering totals 3,001 individual apartments and 138,897 square feet of commercial space, said broker David Dirkschneider of Price Edwards & Co., who has the listing.

Read more: http://newsok.com/troubled-macco-properties-lists-its-portfolio/article/3544174#ixzz1FflcXUCl

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