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National  + Alabama  + Apartments  |  January 31, 2020
David Cohen
By: David Cohen

CushWake, Avison Young Broker Sale of 698-Unit Southeast MF Portfolio

Cushman & Wakefield, in partnership with Avison Young, has brokered the sale of a multifamily portfolio consisting of three apartment communities in the Southeast. The sales price was not disclosed.

Jimmy Adams, Tai Cohen, Taylor Bird and Marc Robinson of Cushman & Wakefield, as well as Steven Peden and Craig Cadwallader of Avison Young, represented the undisclosed seller in the transaction.

ApexOne and Balfour Beatty Communities acquired Retreat at Schillinger in Mobile, AL., a 270-unit apartment community built in 2010. ApexOne and Balfour Beatty Communities also acquired Paces Brook in Columbia, S.C., a 260-unit apartment community built in 1990. Strategic Holdings purchased Georgetown Crossing in Savannah, GA. for $20.9 million. The 168-unit apartment community was built in 1994.

Pictured above: The Retreat at Schillinger in Mobile, Alabama

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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