Updated Nov 2, 2026
Shawn Tibbetts Of AH Realty Trust Sells Two Gainesville Multifamily Properties For $95.5M
1000 Everly Way & 1000 Rea Drive Southwest
$95,500,000
Units
407
Asset Type
MultiFamily
Closing
Nov 2, 2026
About this deal
AI
A multifamily property transaction took place involving two properties located at 1000 Everly Way and 1000 Rea Drive Southwest in Gainesville, GA. The total sale price was $95,500,000, encompassing 407 units with a price per unit of $234,644.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $95,500,000
- Units: 407
- Price Per Unit: $234,644
- Seller: Shawn Tibbetts - AH Realty Trust
In addition to the sale, AH Realty Trust utilized the proceeds to reduce existing debt while strategically shifting its portfolio towards retail and mixed-use office assets. The company secured a $100 million term loan, refining its financial strategy and enhancing debt maturity.
On the Map
$95,500,000
MultiFamily
View full map
Players
Way MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit AH Realty Trust to view all their deals.
Browse Georgia multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93