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3505 Windy Ridge Lane South...

L&M Fund Management Acquires Multifamily Property In Atlanta, GA For $143.5M
SOLDMultiFamily

L&M Fund Management Acquires Multifamily Property In Atlanta, GA For $143.5M

3505 Windy Ridge Lane Southeast, Atlanta, Georgia 30339, United States

$143,500,000

Building Size

Asset Type

MultiFamily

Closing

Jul 19, 2022

AI

The multifamily property located at 3505 Windy Ridge Ln SE in Atlanta, GA has been sold in a recent transaction. The sale was facilitated by Kevin Geiger of CBRE. The property was purchased by L+M Fund Management from Hudson Capital Properties at a price of $143,500,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $143,500,000
  • Units: 434
  • Price Per Unit: $330,645

This transaction involved key individuals and companies such as L+M Fund Management, Hudson Capital Properties, and Kevin Geiger from CBRE. The sale marks a significant investment in the Atlanta, GA market.

Players

Kevin Geiger

CBRE

Broker

$585.8M

vol

5 deals

Broker
L+M Development Partners
L+M Development PartnersBuyer

Atlanta MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93