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| 1500 Oak Apartments, Atlanta, GA |
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| 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
404.645.7275
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