Weinstein Properties Acquires Bexley Sugarloaf Apartments In Duluth, GA For $135M

Weinstein Properties has acquired the 390-unit Bexley Sugarloaf apartment property in Duluth, Georgia, for a total of $135,000,000. The property is located at 1290 Old Peachtree Road NW, in the market of Duluth, GA. The asset is classified as MultiFamily and consists of 390 units, resulting in an average price per unit (PPU) of $346,154.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $135,000,000
• Address: 1290 Old Peachtree Road NW, Duluth, GA
• Market: Duluth, GA
• Buyer: Weinstein Properties
• Seller: Brand Properties
• Broker: Cushman & Wakefield
• Units: 390
• Price per Unit (PPU): $346,154

The deal was brokered by Cushman & Wakefield, representing both the buyer and the seller. Weinstein Properties emerged as the successful buyer, acquiring the Bexley Sugarloaf apartment property from Brand Properties. The transaction marks a significant investment for Weinstein Properties in the Duluth, Georgia market.