Olen Properties Acquires 333-Unit Multifamily In Duluth, GA For $91M

Olen Properties has acquired a multifamily property located at 2605 Meadow Church Road in Duluth, GA. The property consists of 333 units and was sold by New York Life Real Estate Investors. The transaction was facilitated by Robert Stickel, Alex Brown, Ashlyn Warren, and Wesley Lacefield from Cushman & Wakefield. The sale price for this transaction was $91,000,000, resulting in a per unit price of $273,273.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $91,000,000
• Address: 2605 Meadow Church Road, Duluth, GA
• Market: Duluth, GA
• Buyer: Olen Properties
• Seller: New York Life Real Estate Investors
• Brokers: Robert Stickel, Alex Brown, Ashlyn Warren & Wesley Lacefield - Cushman & Wakefield
• Units: 333
• Price per Unit: $273,273

This transaction demonstrates the ongoing interest in the multifamily market in Duluth, GA. Olen Properties was able to secure this asset with the assistance of their brokers, Robert Stickel, Alex Brown, Ashlyn Warren, and Wesley Lacefield from Cushman & Wakefield. The acquisition of this property further strengthens Olen Properties' portfolio in the region.