Updated Dec 5, 2024
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
Units
434
Asset Type
MultiFamily
Closing
Jul 19, 2022
About this deal
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.
On the Map
$143,500,000
MultiFamily
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Players
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