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Apartment complex sold but owner didn’t change?

If anyone could please help me understand whatever I’m missing here, I’d be incredibly grateful.

An apartment complex sent out a letter to all tenants saying “<Apartment Complex Name> has been sold and will now be managed by NewManagementName, LLC”.

I searched Google and found news articles mentioning the sale of the complex on the day that letter was sent. More specifically, the articles referenced JP Morgan financing the purchase of the complex, but didn’t mention any LLC’s (the past or new owner LLC names).

However, when I search the county’s tax records, the property owner (an LLC) hasn’t changed names at all. The property owner is still listed as the same owner from several years ago.

If the complex was sold to a different LLC, and is now being managed by that new LLC, why do the tax records say the original LLC is still the owner?

Thanks so much for reading, and for considering replying.

submitted by /u/ProfessionalTossAway
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1h753g6/apartment_complex_sold_but_owner_didnt_change/
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