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2909 Campbellton Road South...

Icer Properties Acquires Multifamily Portfolio In GA For $105M With Meridian Capital Group As Brokers
FINANCEDMultiFamily

Icer Properties Acquires Multifamily Portfolio In GA For $105M With Meridian Capital Group As Brokers

2909 Campbellton Road Southwest

$105,000,000

Building Size

Asset Type

MultiFamily

Closing

Jan 24, 2022

AI

The multifamily property located at 2909 Campbellton Rd. SW, 330 Arrowhead Blvd., and 6655 Mt Zion Blvd. in Georgia recently underwent a closed transaction. The property consists of 902 units and was acquired through an acquisition loan.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $105,000,000
  • Address: 2909 Campbellton Rd. SW, 330 Arrowhead Blvd., and 6655 Mt Zion Blvd.
  • Market: Georgia
  • Units: 902

Icer Properties, represented by Joseph Jemal, acted as the landlord in this transaction. The brokers involved in the deal were Cary Pollack and Judah Neuman from Meridian Capital Group. The loan amount for this acquisition was $105,000,000.

Players

Cary Pollack

Meridian Capital Group

Broker

$1.1B

vol

20 deals

Broker
Joseph L. Jemal

Joseph L. Jemal

ICER Properties

Landlord

$598.7M

vol

36 deals

Landlord

Atlanta MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93