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October 16, 2020 Comments (0) Views: 402 Atlanta News, Southeast Atlanta

Memphis Apartment Community Trades for $32M

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Cushman & Wakefield has arranged the $31.5 million sale of Villas at Cordova, a 256-unit apartment community in Memphis. Mike Kemether and Craig Hey of Cushman & Wakefield represented the seller, Mount Auburn Multifamily, in the transaction. The buyer was Kushner Cos.

The community features direct access to the 4,500-acre Shelby Farms Park via the Greenline. Additional amenities include a fitness center, dog park, resort-style swimming pool, car wash bay and grilling area.

“We are excited to plant our first flag in Memphis and to continue to grow our presence in the Sunbelt,” said Riley Wilson, acquisitions analyst at Kushner. “It’s a market that has been on our radar for over a year and we love the growth story here.”

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