ParkProperty Capital Acquires Multifamily Property In Atlanta For $91M

A multifamily property located at 222 Colonial Homes Dr NW in Atlanta, GA was recently sold in a closed transaction. The property consists of 217 units and was sold for a price of $91,000,000, resulting in a per unit price of $419,355. The transaction took place on July 22, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $91,000,000
• Address: 222 Colonial Homes Dr NW, Atlanta, GA
• Market: Atlanta, GA
• Buyer: ParkProperty Capital
• Seller: RangeWater & Artemis Real Estate Partners
• Brokers: Robert Stickel & Alex Brown - Cushman & Wakefield
• Units: 217
• Price per unit: $419,355

The buyer of the property was ParkProperty Capital, while the sellers were RangeWater & Artemis Real Estate Partners. The transaction was facilitated by brokers Robert Stickel and Alex Brown from Cushman & Wakefield.