336-unit apartment complex sold

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Posted: Friday, May 10, 2013 12:00 am

The 336-unit Whispering Ridge Apartments in northwest Omaha has been purchased by Investors Real Estate Trust Properties for $28.3 million -- increasing IRET’s apartment inventory to nearly 1,400 units in the Omaha and Lincoln areas.

The nine-building Whispering Ridge complex that spans 18 acres was built in 2010 near 175th Street and West Maple Road. It will be managed by IRET Properties.

IRET owns and operates multifamily residential and commercial properties located primarily in the upper Midwest. Based in Minot, N.D., it has offices in Minneapolis as well as Omaha.

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