ATLANTA—Ansley at Town Center, a class A multifamily community in Augusta, GA, has traded hands. The sale price: $53.3 million. That's nearly $149,000 per multifamily unit.
Cushman & Wakefield's Southeast Multifamily Advisory Group arranged the multifamily sale. CushWake's Robert Stickel represented the seller, Cortland Partners, in the transaction. Spyglass Capital Partners acquired the multifamily property.
“The Augusta market has seen substantial job growth recently and thus significant investment sales activity,” Stickel tells GlobeSt.com. “The multifamily sector has been especially strong as beneficiary of superior market fundamentals and there is a continued phenomenon of capital cascading into secondary and tertiary markets.”
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