CushWake Brokers $49M Sale of Two North Carolina MF Communities

Cushman & Wakefield arranged the $49.5 million sale of The Madison and Southgate, two apartment communities in Greenville, NC. The South Greenville properties total 645 units. Southgate is located at 14 Merry Ln., and The Madison is located at 2221 Hyde Dr.

Watson Bryant, Jordan McCarley and Paul Marley of Cushman & Wakefield represented the seller, SYNCO Properties, in the transaction. Monarch Investment & Management acquired the properties.

“The Madison and Southgate are both strong assets offering attractive amenities and comfortable floorplans for the Greenville market,” Bryant said. “These will prove to be worthy additions to Monarch Investment & Management’s growing portfolio.”

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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