The Blair Place Apartments have been sold, according to an email sent to the 294-unit complex’s residents Thursday.
“After 26 years we have to say goodbye,” the Blair Place website read Friday. “It has been an honor being part of the housing solutions of the valley that we love so much, but it is time for us to turn over the reins of Blair Place Apartments to someone else.”
The Oliver family has owned the Blair Place Apartments and Todd Oliver confirmed in an email to the Jackson Hole Daily on Friday that the units had been sold.
Oliver did not say who the apartment complex had been sold to and, in response to emailed questions, he told the Daily he wanted some time to think over his answers.
Teton County Clerk’s records showed that Blair Place, LLC, deeded the property Tuesday to at least two entities: Bridge-Jackson, LLC, and Bridge-Blair Place, LP.
Mortgage and other documents were also recorded in the past week, but the full versions of each of the documents have not yet been made public.
Incorporation documents for both the limited liability company and the limited partnership, however, tie those companies to Bridge Partners, a self-described “opportunistic real estate private equity investment firm headquartered near San Francisco, California.”
The firm was founded in 1990 and “specializes in the acquisition, rehabilitation, and management of multifamily and hospitality properties nationwide.”
Read more about the sale on the cover of the Saturday and Sunday Jackson Hole Daily.
You can also read online at JHNewsAndGuide.com.