Compton Hill Apartments
In 1998, DeSales completed its biggest undertaking yet, the acquisition of 130 apartment units in 36 buildings in Tower Grove East and Fox Park. Prior to this acquisition, these properties had been under the threat of foreclosure by the Department of Housing and Urban Development. In the fall of 1997, DeSales began negotiations with HUD to prevent a foreclosure sale. Such a sale would have resulted in the purchase of the properties by unknown interests. DeSales felt that long-term, community-based control of these properties was best for Fox Park and Tower Grove East.
Upon purchase of these properties, a new marketing identity under the name Compton Hill Apartments was adopted and a neighborhood-based leasing and management office was opened. DeSales also invested nearly $400,000 in capital improvements at these properties.
Today, the Compton Hill Apartments is one of St. Louis' largest neighborhood-based apartment communities.