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

Property Image
SOLD
$135,000,000

Georgia

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MultiFamily
Sold 08/25/2023
the dealdetailscomps
Property Image
SOLD

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

1290 Old Peachtree Road Northwest Duluth, Ga 30097, Usa

See Similar Deals
MultiFamily
Sold 08/25/2023
the dealdetailscomps

Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

WP
Weinstein Properties
BUYER
BP
Brand Properties
SELLER

Details

SOLD
IMAGE: 08/25/2023 ADDRESS: 1290 Old Peachtree Road NW MARKET: Duluth, GA ASSET TYPE: MultiFamily BUYER: Weinstein Properties SELLER: Brand Properties BROKER: Cushman & Wakefield SALE PRICE: $135,000,000 UNITS: 390 ~ PPU: $346,154 NOTE: Weinstein Properties has acquired the 390-unit Bexley Sugarloaf apartment property in Duluth, Georgia, for $135 million, equivalent to around $346,154 per unit.

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