ATLANTA—American Realty Advisors is disposing of strategic multifamily assets in the Atlanta area. The firm just sold ALARA State Bridge and ALARA Highland Park.
Jones Lang LaSalle's Capital Markets represented American. JLL managing directors David Gutting and Derrick Bloom led the team on this multifamily disposition. Both assets sold within four months of hitting the market.
“ALARA State Bridge provided investors an opportunity to purchase a prime multifamily asset in the most sought-after suburban submarket of Atlanta,” Gutting tells GlobeSt.com. “The limited nearby competition, coupled with strong upside potential drew wide-spread investor interest.”
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