Updated Aug 14, 2026
SOLDMultiFamily
Brendan Whalen Of Park Property Capital Acquires 280-Unit Multifamily Community In Atlanta For $75M
214 Colonial Homes Drive Northwest
$75,000,000
Units
280
Asset Type
MultiFamily
Closing
Aug 13, 2026
About this deal
AI
The transaction involved a multifamily asset located at 214 Colonial Homes Drive Northwest in Atlanta, GA. The property consists of 280 units and was sold for $75 million, equating to a price per unit of $267,857. The acquisition marks a continued investment in the Atlanta market.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $75,000,000
- Units: 280
- Price Per Unit: $267,857
- Buyer: Brendan Whalen - Park Property Capital
- Seller: Steve Sherwood - CWS Capital Partners
- Date of Transaction: 08/13/2026
- Market: Atlanta, GA
Brendan Whalen of Park Property Capital represents the buyer in this transaction. CWS Capital Partners sold the property, which is planned for interior renovations and branding enhancements. The deal follows Park Property Capital's acquisition of The Monroe in 2022, further expanding their portfolio in the area.
On the Map
$75,000,000
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93