Olive Tree Holdings & North Point Capital Group Acquire Multifamily Asset In Atlanta, Georgia For $13.8M

The multifamily property located at 445 Cleveland Ave SE in Atlanta, Georgia, known as The Life at Fairway Gardens, has been sold. The sale was finalized on December 29, 2020. The property is comprised of 200 units with a total square footage of 194,240. The sale price for the property was $13,800,000, resulting in a per unit price of $69,000. The price per square foot of the property is $71.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,800,000
• Units: 200
• Price per Unit: $69,000
• Square Footage: 194,240
• Price per Square Foot: $71
• Address: 445 Cleveland Ave SE, Atlanta, Georgia
• Market: Atlanta, Georgia

The buyers of the property are Olive Tree Holdings and North Point Capital Group, represented by David P. Zar and Shawn Hakimian. They successfully completed the transaction and acquired the multifamily asset.