 |
| Harbor Creek Apartments, Canton, GA |
BIRMINGHAM, AL and CANTON, GA --- Hendricks-Berkadia, one of the nation’s largest and
most active multifamily investment banking and research companies, recently
negotiated the sale of Harbor Creek, a 316-unit apartment community
located just north of Atlanta in Canton, Ga. together with Brown Realty
Advisors.
Selling at a sub
5.25 percent cap rate, this 2003 REO community changed hands as part of a
win-win transaction for both Buyer and Seller.
 |
| Judy MacManus |
David Oakley,
Partner, and David Etchison, Senior Vice President, in
Hendricks-Berkadia’s Alabama office along with Bo Brown, Judy MacManus, and
Cory Sams of Brown Realty Advisors negotiated the sale of Harbor Creek
representing the seller, REDUS Georgia Commercial LLC.
Built in 2003,
Harbor Creek is a garden-style community, with two-and three-story buildings
situated on approximately 29.15 acres of land with three vacant pad sites zoned
for an additional 60 units.
The 31 buildings
house a total of 337,300 rental square feet offering a well-balanced unit mix
of one-, two-, and three-bedroom floor plans, ranging from 806 to 1,435 square
feet in size.
The buyer was Mar
Harbor Creek, LLC, based out of New York.
For a complete
copy of the company’s news release, please contact:
Larry Vershel or Beth Payan, Larry Vershel Communications
407-644-4142, lvershelco@aol.com
No comments:
Post a Comment