Woodmont Properties Sells 120-Unit Multifamily Woodmont Liberty Apartments In Independence Township For $42.95M

The transaction involved the sale of the Woodmont Liberty Apartments, a multifamily asset comprising 120 units located at 2000 Woodmont Drive in Independence Township. The property was sold for $42,950,000, which translates to a price per unit of $357,917. The asset is classified as Class A and was built in 2023.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $42,950,000
• Units: 120
• Address: 2000 Woodmont Drive
• Market: Independence Township
• Price Per Unit: $357,917
• Seller: Eric Witmondt - Woodmont Properties
• Broker Representatives: Steve Tragash & Greg Pine - SAGE Investment Real Estate Advisors

SAGE Investment Real Estate Advisors facilitated the transaction by sourcing the buyer and represented the seller, Woodmont Properties. This deal marks the fourth collaboration between SAGE and Woodmont, showcasing their ongoing partnership in real estate transactions.