Tribute Lofts’ Auction Results Lead to Ongoing Success Story: Auction Pricing Continues

Award-winning Tribute Lofts (top right and lower left photos) in the Old Fourth Ward Offers Parkside Urban Living in Industrial Chic Design

ATLANTA, GA – The InVision Group LLC, an Atlanta-based real estate firm specializing in urban, mixed-use and multifamily development and investment, announces that the company’s recent auction at award-winning Tribute Lofts in the Old Fourth Ward was a tremendous success and continues to generate a high volume of sales.

The auction resulted in the sale of 27 of the property’s 147 lofts, all of which have closed. Fourteen additional homes have been sold since the auction.

“Tribute Lofts’ auction was designed to sell homes quickly and to continue our sales momentum post auction by allowing the actual sales prices from the auction to determine the market value of the homes,” explains Principal Greg Wohl of The InVision Group, developer and owner of Tribute Lofts. Greg and his brother Brian Wohl, who also is a principal with the company, are the forces behind the property and auction.

When the auction was held June 22 at the Omni Hotel in downtown Atlanta, nearly half of Tribute Lofts’ total of 147 homes had sold.

Accelerated Marketing Partners conducted the one-hour auction of one- and two-bedroom lofts that sold from $130,000 to $260,000.

Many of Tribute Lofts’ purchasers are first-time buyers and many are single, young professionals.

Media Contact: Elaine McEachern, 404-355-8748
Elaine.McEachern@McEachernCommunications.com