Thursday, November 19, 2015

Multi Housing Advisors Brokers $23.9 Million Sale of Apartment Community in Atlanta, GA

1500 Oak Apartments, Atlanta, GA

Josh Goldfarb
ATLANTA, GA — Multi Housing Advisors (MHA) has arranged the $23.9 million sale of 1500 Oak, a 368-unit apartment community located in Atlanta.

Josh Goldfarb and Tyler Averitt of MHA’s Atlanta office represented the seller, Cortland Partners, in the transaction. Engineering Partners purchased the property. 

“The sellers repositioning of the asset through upgraded unit finishes and community amenities harnessed the submarket’s robust economic growth,” Goldfarb said. “The purchaser, recognizing the upswing and further potential in performance, acquired the community at an attractive price.”

1500 Oak recently received a comprehensive renovation. The property features new cabinets with brushed nickel hardware, new bathtubs, granite countertops, stainless steel sinks, two inch wood blinds, vinyl plank flooring, and energy efficient toilets.

For a complete copy of the company’s news release, please contact:

Deborah Rogers
Multi Housing Advisors

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