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.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
