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

Property Image
SOLD
$143,500,000

Georgia

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MultiFamily
Sold 07/20/2022
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily
Sold 07/20/2022
the dealplayerscompscontact
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale

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
Kevin Geiger
5 deals$585.8M volume
BROKER
L+M Development Partners
L+M Development Partners
BUYER
HP
Hudson Capital Properties
SELLER

Details

SOLD
IMAGE: Kevin Geiger DATE: 07/20/2022 ADDRESS: 3505 Windy Ridge Ln SE MARKET: Atlanta, GA ASSET TYPE: Multifamily BUYER: L+M Fund Management SELLER: Hudson Capital Properties BROKER: Kevin Geiger - CBRE SALE PRICE: $143,500,000 UNITS: 434 ~ PPU: $330,645

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$509,825.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$680,263.21
Annual Debt Service$8,163,158.52