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Chesterfield apartments sell for $98M in region's largest-ever multifamily deal

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A California investor’s purchase of a Missouri apartment complex marks the largest multifamily sale in the St. Louis region, according to the St. Louis Post-Dispatch. 

Passco Cos. paid $98 million for the Watermark at Chesterfield Village, a 345-unit complex that opened in 2019. The new owners plan to rebrand the property, southwest of the Chesterfield Mall, as The PARQ at Chesterfield. 

According to the report, over half of the purchase price was financed through Fannie Mae. 

Read more from the St. Louis Post-Dispatch.

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