An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Cushman & Wakefield Arranges $132M Sale of Multifamily Community in Georgia
Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags
ATLANTA--(BUSINESS WIRE)--
Cushman & Wakefield (NYSE: CWK) announced that the commercial real estate services firm has arranged the sale of Park at Abernathy Square, a 484-unit apartment community located in Sandy Springs, Georgia. The final sales price was $132.6 million, equating to more than $274,000 per unit.
Mike Kemether, Travis Presnell and James Wilber of Cushman & Wakefield represented the seller, Clark Ventures, in the transaction. The property was acquired by Stockbridge Capital Group, a private equity real estate firm.
"Park at Abernathy Square competes well with much newer properties,” said Kemether, Executive Vice Chair at Cushman & Wakefield. “With several new amenities and improvements to the property interiors, Park at Abernathy Square will serve its new owner well, especially given its position in the high-barrier-to-entry Sandy Springs submarket here in Atlanta."
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is an 82-person investment sales team covering 11 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. For more information about the Sunbelt Multifamily Advisory Group, visit https://multifamily.cushwake.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
