December 4, 2019
Commercial real estate lending, investment and advisory company Greystone arranged the $36.5 million sale of a three-property multifamily portfolio consisting of 490 units in Austell. Additionally, the company provided a $30 million bridge loan on behalf of the undisclosed buyer.
The three garden-style properties are adjacent to one another in the Cobb County town of Austell. Built in 1988, Hunter’s Grove is comprised of 200 units. Kingsley Village, which was built in 1974, includes 146 units. Parkview Apartments was built in 1971 and features 144 units.
Taylor Brown, Chandler Brown, Barden Brown, and Walter Miller of the Greystone Brown Real Estate Advisors team represented the seller, HKP Austell, in the transaction. Leor Dimant of Greystone’s New York office originated the acquisition financing.
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