Wednesday, August 8, 2012

Hendricks & Partners, Brown Realty Advisors Negotiate Sale of Arbors at Berkeley Apartments in Atlanta for $5,665,000



BIRMINGHAM, AL --- Hendricks & Partners, one of the nation’s largest and most active multifamily investment banking and research companies, and Brown Realty Advisors, recently negotiated the sale of Arbors at Berkeley Apartments (top left photo), a 130-unit apartment community located in Atlanta for $5.665 million.

David Oakley, senior investment advisor of Hendricks & Partners’ Alabama office and Bo Brown of Brown Realty Advisors in Atlanta negotiated the sale representing the seller, Redus Georgia Commercial, LLC, a Delaware limited liability company By: Redus Properties, Inc., based in Charlotte. 

Arbors at Berkeley, built in 1948 and renovated in 2009, has a total of 73,602 square feet of rentable living space with one-and two-bedroom apartments.

The buyer was Arbors Mid Town LLC, a Georgia limited liability company.

For more information, contact:

David Oakley, Senior Investment Advisor, Hendricks & Partners - Alabama, 205.918.0785, doakley@hpapts.com. 
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com.



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