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1105 Town Boulevard

Brookhaven LLC Purchases 299-Unit Multifamily Asset In Brookhaven From Wafra For $87M
SOLDMultiFamily

Brookhaven LLC Purchases 299-Unit Multifamily Asset In Brookhaven From Wafra For $87M

1105 Town Boulevard

$87,000,000

Units

299

Asset Type

MultiFamily

Closing

Oct 27, 2025

AI

The property involved in the transaction is the 299-unit 1105 Town Brookhaven Apartments, located at 1105 Town Boulevard in Brookhaven, GA. The asset was sold for $87,000,000, which equates to a price per unit of $290,970. This multifamily development was built in 2014 and is part of a larger mixed-use development that spans 50 acres, anchored by major retailers including Costco, Publix, and Marshalls.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $87,000,000
  • Address: 1105 Town Boulevard
  • Market: Brookhaven, GA
  • Units: 299
  • Price Per Unit: $290,970
  • Buyer: Brookhaven LLC
  • Seller: Wafra

Mesirow Financial’s real estate fund was the acquiring entity in this transaction, purchasing the property from Wafra, a global investment manager. The sale closed on October 27, 2025.

Players

W
WafraSeller

Brookhaven MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93