ATLANTA—AMLI at Milton Park, a multifamily asset in Alpharetta, GA, has traded hands. The financial terms of the deal were not disclosed.
CBRE's Paul Berry, Ashish Cholia, Malcolm McComb and John Whitlow represented the seller, a venture of AMLI Residential and Northwestern Mutual. Renamed Lakeside at Milton Park, the 461-unit mixed-use complex was purchased by Olen Properties.
“Atlanta is experiencing incredible population growth, and added 90,000 people last year,” Berry, who led the sale assignment for CBRE, tells GlobeSt.com. “We also added 85,000 jobs last year, which was the highest among the top U.S markets. With growth rates like this, residential options are a huge factor, and investors recognize the value of these top multifamily assets.”
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