Evans is receiver of TLC America Inc., a defunct Sun Valley, CA-based firm with a checkered history in real estate investments.
Chris Johnston, managing director of Atlanta-based Southeast Apartment Partners listed the property and also found the buyer. Most of the properties in the submarket were built in the 1960-1965 period.
"The Intown/Downtown Atlanta market for multifamily properties of this genre is still experiencing significant velocity," Johnston tells GlobeSt.com. "Obviously, interest rates and favorable financing terms from both bank and institutional lenders have served as a catalyst for trading momentum."
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