The Vanderbilt

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    The Vanderbilt

    MBP Capital, Inc. represented a 1031 exchange buyer in the off-market purchase of Pioneer Crossing in April 2012.  Purchased from a long-term owner, the exterior of the property was in good condition but the interiors were in need of an upgrade.  A $400,000 ($2,632 per unit) renovation program commenced at takeover targeting the unit interiors. The property was re-branded to The Vanderbilt in November 2017.