Cushman & Wakefield has arranged the $64.8 million sale of Twenty25 Barrett, a 238-unit apartment community located in Kennesaw, a suburb northwest of Atlanta.
Located at 2025 Barrett Lakes Boulevard, the property was 95% leased at the time of the sale. Amenities include an internet café, dog park/play area, fitness center with yoga studio, lake views, a pet spa/grooming station, a resident business center and resort-style pool.
Mike Kemether, Robert Stickel and Alex Brown of Cushman & Wakefield represented the seller, Passco Cos., in the transaction. Forum Investment Group, private real estate investment firm acquired the property.
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.