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Atlanta & Southeast  + Southeast  + Apartments  | 
Exterior view of Grayton on Dean, a two-story garden apartment building with vinyl paneling and outside stairs and unit entrances

CushWake Arranges $30M Sale of Multifamily near Auburn University

Cushman & Wakefield has arranged the $30.3-million sale of Grayton on Dean, a 240-unit multifamily apartment community located in Auburn, AL. The property, located on Dean Road less than two miles from Auburn University, was 95% leased at sale.

Jimmy Adams and Parker Caldwell of Cushman & Wakefield represented the seller, BRECAP, in the transaction. Brookhaven Property Group acquired Grayton on Dean, which is the company’s eighth asset in AL.

“Grayton on Dean came to market fully renovated with high-end finishes, new interiors, a new clubhouse and very high rent growth, positioning it to perform well in the future,” said Adams. “The property is also in the Auburn market, which has experienced incredible momentum in recent years fueled by a highly educated workforce and the renowned university.”

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Inside The Story

Cushman & Wakefield’s Adams

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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