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Atlanta & Southeast  + Apartments  |  May 11, 2021
David Cohen
By: David Cohen

Greystone Brown Arranges $39M Sale of Cobb County MF Property

Greystone Brown Real Estate Advisors has arranged the $39 million sale of The Hills at East Cobb, a 266-unit multifamily property in Marietta, GA.

Located at 1716 Terrell Mill Road, the property is nearby Truist Park and offers residents a variety of amenities including a fitness center, swimming pool, splash pad, bocce ball court, luxury outdoor kitchen, picnic area with BBQ grills, clubhouse and dog park.

Chandler Brown, Taylor Brown, Barden Brown and Walter Miller of Greystone Brown represented the seller, Aerial Development Group & Viking Capital, in the transaction. The buyer, Spaxel LLC, assumed an existing Freddie Mac loan of $27,000,000 and plans an extensive capital improvement plan to reposition the asset to meet the growing demands of the micro- and macro-market trends.

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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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