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Lamar council approves assignment of Floyd Valley Apartments land lease to THR Floyd LLC
Summary
The Lamar City Council on July 15 approved Resolution 25-30 to allow Weinberg Investments Inc. to assign the land lease for Floyd Valley Apartments to THR Floyd LLC, contingent on a successful closing; the buyer is affiliated with Trinity Housing Resources of Milwaukee and the seller's representative said closing is expected in about 45–60 days.
The Lamar City Council voted unanimously July 15 to adopt Resolution 25-30 approving the assignment of the land lease for Floyd Valley Apartments from Weinberg Investments Inc. to THR Floyd LLC, contingent on the successful closing of the sale.
The vote followed a public hearing the council had set at its July 1 meeting. The seller’s representative, Roger Quadran, said he was appearing to answer council questions about the purchaser and the property’s condition. Quadran identified THR Floyd LLC as the project-specific limited…
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