Global Real Estate Advisors Completes $44M Sale of Atlanta Apartments
Global Real Estate Advisors has finalized the $43.5-million sale of The Life at Greenbriar Apartments on Campbellton Road in Atlanta, GA.
GREA represented the seller in the transaction, Olive Tree Holdings, who sold the asset to Icer Properties. The sale was handled by GREA’s Taylor Brown, Chandler Brown and Barden Brown.
The Life at Greenbriar is a 1971-built asset comprised of 376 units. The property is close to downtown Atlanta, Amazon’s new Westside development, Microsoft’s East Coast hub and Six West’s 311-acre mixed-use development.
The purchaser has renamed the property as The Hills at Greenbriar and plans to bring the fourteen offline units back to the rental market and will continue upgrading the unit interiors. “With strong investor demand throughout the southeast for multifamily housing, The Life at Greenbriar Apartments is an extremely desirable property due to its close proximity to downtown Atlanta,” said Taylor Brown, executive managing director at GREA.
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.