Cary Rosenblum Of Elmington Residential Acquires 433-Unit Resia Tributary In Douglasville For $73.25M

The transaction involved the sale of a multi-family asset located at 1851 Market Street in Douglasville, GA. The property, consisting of 433 units spread across seven buildings, was sold for a total price of $73,250,000, which equates to $169,169 per unit.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $73,250,000
• Units: 433
• Price per Unit: $169,169
• Buyer: Cary Rosenblum - Elmington Residential
• Seller: Resia
• Broker: JLL Capital Markets

Cary Rosenblum represented Elmington Residential in the acquisition of the Resia Tributary apartment complex from the Miami-based developer Resia. The deal was facilitated by JLL Capital Markets, which acted as the broker for the transaction.