Atlanta, GA – Matthews Real Estate Investment Services™, the nation’s fastest-growing commercial real estate firm, arranges the sale of Golf Vista Apartments in Atlanta for $13.8M. The property is located at 445 Cleveland Avenue SE in Atlanta, GA. Associate of Multifamily Austin Graham and Executive Vice President & Managing Director David Harrington worked in tandem to successfully broker the transaction.
Built in 1971, Golf Vista Apartments is positioned in one of the highest growth markets in the country, Atlanta, GA. It is positioned down the street from Walmart, Kroger, as well as many other restaurants with easy access to I-85. Directly across the street is also Brown’s Mill Golf Course, one of the nicest public golf courses in South Atlanta. The property is made up primarily of desirable large 2- and 3-bedroom floorplans.
“We were able to facilitate the process and ensure everything was expedited to fit within the needed timeline for the seller,” said Associate Austin Graham. “The buyer owned around 4,000 units in Atlanta and felt this would be a good addition to their portfolio as nearly 2,000 of those units are in the airport submarkets. They were pleased to get a great value-add opportunity in a market they already have a large presence in to further grow their scale with another 200 units.”
The seller, a private ownership group out of Miami, owned the property for over 15 years. The group decided to leverage its equity into new real estate properties with the sale of this asset. The biggest win for them was finding a buyer who could execute before the end of the year as they had a maturity date for their loan on December 31st, 2020. The buyer, Olive Tree Holdings, was sourced by Matthews agents.
“The sale of Golf Vista Apartments in Atlanta was beneficial for both buyer and seller,” said Executive Vice President & Managing Director David Harrington. “We used our extensive marketing resources, robust proprietary database, and thorough knowledge of the market to provide the best possible service for our clients.”
For more information regarding this sale or if you have any other questions related to multifamily investment assets, please do not hesitate to reach out to Austin Graham and David Harrington. To view current listings, please visit www.matthews.com.
Matthews Real Estate Investments Services™, the nation’s fastest-growing commercial real estate brokerage firm, holds recognition as an industry leader in investment sales and leasing. Founded in El Segundo, CA, and strategically positioned with over 300 agents and support staff in over 10 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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