Somerset Partners: New York firm buys apartments in massive real estate deal

Somerset Partners, a New York City-based private investment firm focused on commercial and multifamily real estate properties, has acquired three Creve Coeur apartment complexes in what is believed to be one of the largest multifamily deals in St. Louis in decades. Somerset acquired the properties - Cove West, a 276-unit apartment complex at 12400 Lighthouse Way; Westchase Apartments, a 160-unit complex at 10871 Chase Park Lane; and Waterfront Crossing, a 591-unit complex at 807 Cross Creek -...