Icer Properties Acquires Multifamily Property In Jonesboro & Atlanta, GA For $42M

The multifamily property located at 6726 Tara Blvd & 3000 Continental Colony Pkwy SW in Jonesboro and Atlanta, GA has been sold in a recent transaction. The property spans over 475,000 square feet and consists of 535 units. The sale price for this transaction was $42,000,000, resulting in a price per unit of $78,505 and a price per square foot of $88.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $42,000,000
• Number of Units: 535
• Price per Unit: $78,505
• Square Footage: 475,000
• Price per Square Foot: $88

The buyer in this transaction was Icer Properties, represented by Joseph Jemal. The seller was Tusk Equities, represented by Moshe Horn. The deal was facilitated by brokers Steven Vegh and Phil Goldstein from Westwood Realty Associates.