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Atlanta & Southeast  + Southeast  + Apartments  |  January 31, 2020
David Cohen
By: David Cohen

JLL Brokers Sale of 298-Unit Chapel Hill Apartment Community

JLL has arranged the sale of Alta Blu, a 298-unit apartment community in Chapel Hill, NC. The sales price was not disclosed.

Alta Blu is located at 5840 Farrington Rd., and was built in 2019. The community consists of 282,628 rentable square feet, and features a wealth of amenities that include a saltwater pool, courtyard with outdoor theatre, resident lounge, business center, fitness center, dog walking service and nearby access to botanical gardens and walking trails.

Justin Good, Jeff Glenn, Andrea Howard, Allan Lynch, Caylor Mark and John Currin of JLL represented the seller, Wood Partners, in the transaction. The buyer was Principal Real Estate Investors.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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