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

Newmark Arranges $23M Sale of Chapel Hill MF Community

Newmark has brokered the $23 million sale of Bridges at Chapel Hill, a 144-unit multifamily community in Chapel Hill, N.C.

Located less than three miles from the University of North Carolina, Bridges at Chapel Hill is a garden community that features a swimming pool, entertaining kitchen, fitness center, lighted tennis court, pet park, and hosts a stop on the free Chapel Hill Transit bus line. Newly renovated apartment amenities include stainless steel appliances, sheet vinyl plank flooring, new cabinet fronts, and painted boxes with wine racks, updated faux granite countertops with lowered counter height bars.

Sean Wood, John Heimburger, Dean Smith, Alex Okulski, John Munroe and Jason Kon of Newmark represented the sellers, KETTLER and The Stillman Group, in the transaction. The buyer was Washington, D.C.-based Republic Properties.

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KETTLER

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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