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Atlanta & Southeast  + Apartments  |  May 12, 2021
David Cohen
By: David Cohen

CushWake Brokers $68M Sale of Southeast MF Portfolio

Cushman & Wakefield has arranged the $67.5 million sale of The Southeast 747 Portfolio, a four-property multifamily portfolio in Alabama and Georgia.

The portfolio includes Park at Bellingham & Summerhill, two communities in Huntsville, AL totaling 375 units as well as Park at Arlington, a 188-unit community in Covington, GA. The portfolio also includes Park at Ashburn, a 184-unit apartment community located in Dothan, AL.

Craig Hey, Jimmy Adams, Tyler Averitt and Nathan Swenson of Cushman & Wakefield represented the seller, a joint venture between Blue Magma Residential and the Auerbach Opportunity Fund I, LP, in the transactions. Lurin Capital acquired Park at Bellingham & Summerhill while InterCapital Group acquired Park at Arlington. Adar Property Group acquired Park at Ashburn.

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Inside The Story

CushWake’s Hey

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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