Business & Finance
Grubb & Ellis Apartment REIT Changes Gears Amid Controversy
In late August, when Richmond, Va.-based Grubb & Ellis Apartment REIT agreed to take over the assets of Oakton, Va.-based Mission Residential—along with agreements totaling $182 million to acquire nine multifamily properties from affiliates of Mission’s MR Holdings—chairman, CEO, and chief financial officer Jay Olander knew the deal would give his company the jolt that it needed.
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