ATLANTA—Legacy Key, a 350-unit multifamily community in Sandy Springs, GA, has traded hands. Financial terms of the deal were not disclosed.
Cushman & Wakefield brokered the deal. CushWake's Mike Kemether, Josh Goldfarb, and Travis Presnell represented the seller, Investors Management Group, in the transaction. Bridge Acquisitions & Dispositions acquired the multifamily asset.
“Legacy Key will continue to perform well given the employment dynamics in the north Fulton corridor along with the lack of new multifamily development nearby,” Kemether tells Globest.com. “On top of that, roughly half of the units have original finishes so there is a large opportunity to increase rents through a continued interior renovation strategy.”
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.
