ATLANTA— The Reserve at Gwinnett, a 370-unit apartment property located in Norcross, GA, has traded hands. The sale price: $51 million.
Mike Kemether, Josh Goldfarb and Travis Presnell of Cushman & Wakefield represented the seller, Duck Pond Realty Management LLC. Broadtree Residential acquired the multifamily property.
“Gwinnett County has really come a long way in terms of its standing in the multifamily investment world,” Kemether tells GlobeSt.com. “While North Fulton still gets the nod as the market where other suburban markets are measured, Gwinnett now garners the same cache that Cobb County receives over on the northwest side of town.”
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