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.
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