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Atlanta & Southeast  + Southeast  + Apartments  |  December 13, 2020
David Cohen
By: David Cohen

CushWake Brokers $9M Sale of Montgomery MF Property

Cushman & Wakefield has arranged the $9.2 million sale of Legacy at the Lake, a 200-unit apartment community in Montgomery, AL. Craig Hey and Andrew Brown of Cushman & Wakefield represented the seller, The Legacy Companies, in the transaction. Bullseye Investments acquired the property.

Built in 1977, the property is located nearby the Interstate 85/Eastern Boulevard junction, the property offers residents nearby access to parks with walking trails and recreational lakes. The community also offers significant value-add upside.

“Legacy at the Lake is poised for future growth given Montgomery’s strong manufacturing base and recession-proof government employment,” said Hey. “The metro has garnered significant capital investments, highlighted by Hyundai’s announcement to invest $410 million and create 1,200 additional jobs to build a new light truck model in Montgomery.”

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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