ATLANTA—Parkway Vista, a 224-unit multifamily community in DeKalb County, GA, has traded hands. The sale price: $29 million.
Cushman & Wakefield's Atlanta multifamily brokered the sale, which equates to $129,464 per unit. CushWake's Mike Kemether and Josh Goldfarb represented the seller, Vista Realty Partners, in the transaction. RK Properties acquired the property.
“Ten years ago, Gwinnett County and North Dekalb County were considered commodity markets on the Northeast side of Atlanta,” Kemether tells GlobeSt.com. “Fast forward to today, where the Northeast side of Atlanta is growing faster than any other quadrant, and barriers for new apartments have helped the existing stock generate strong property operation trends.”
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