ATLANTA—A three-property multifamily portfolio located in Northeast Atlanta has traded hands. The sale price: $76.5 million.
Cushman & Wakefield's Southeast Multifamily Advisory Group arranged the multifamily sale. CushWake's Mike Kemether and Tyler Averitt represented the seller, Audubon Communities, in the transaction.
“If one looks closely at how Atlanta is pivoting, he or she will see that Atlanta's Northeast suburban quadrant is poised to outperform the other suburban submarkets over the next five years,” Averitt tells GlobeSt.com. “All three assets are well-positioned to take advantage of these trends.”
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.
