ATLANTA—Trees of Avalon, a 500-unit multifamily community built in 2009, has traded hands. The sale price: $58.6 million.
Cushman & Wakefield's Southeast Multifamily Advisory Group arranged the $58.6 million multifamily sale. Chris Spain and Alex Brown represented the seller, Watkins Real Estate Group, in the transaction. Fairfield Residential acquired the property.
“This was Fairfield's first acquisition in the South Atlanta submarket,” Brown tells GlobeSt.com. “The high-end industrial employment base, stellar population growth, and demographics in McDonough were a perfect fit for their fund.”
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