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Tennessee

Multifamily

GEM Realty buys upscale 161-unit Germantown apartment community, Avenida Watermarq, for $32.9M ($204k/unit) from Passco

8/1/2025

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Memphis Business Journal

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• Subcategory: Capital Markets: Fund, MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: Capital Markets: Fund-Value Added, MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: GEM Realty Capital, Passco Companies

GEM Realty Capital

Milan Tica | SVP, Investments-MF/BTR/Senior/Storage-Boat/RV/Marinas

[email protected]

Passco Companies

Ogal Claspell | SVP, Multifamily Investments

[email protected]