Byline: Josh Flory
Oct. 3--A hundred bucks a month won't get you much of an apartment, but $100 million is another story.
A New York company has taken a big bite out of the local rental market in a deal for several apartment communities in the Knoxville area that had a price tag of more than $100 million.
The buyers were entities linked to DRA Advisors, a real estate firm headquartered in New York City's famous, 37-story News Building. A DRA executive could not be reached for comment, but county records show recent purchases that include the following properties:
--Forest Ridge apartments, 9706 Smoky Ridge Way, for nearly $56 million (the sale includes Phase ...