GREA Manages Sale of Affordable Housing Complex in Douglasville, GA
GREA, a full-service real estate advisory firm specializing in multifamily acquisitions and dispositions, announces the $6.45 million sale of Douglasville Proper. The Douglasville garden-style LIHTC multifamily asset was built in 1995 and features 100 units with one-, two-, and three-bedroom floorplans.
GREA represented sellers Signature Management in the transaction. The sale to S & S Capital Partners was managed by Cory Caroline Sams and Taylor Brown of GREA. The new owner plans to preserve the affordability of the property to serve the Douglasville community.
“GREA was proud to represent the sellers of Douglasville Proper, bringing an offer from an attractive buyer who understands the importance of preserving and maintaining this quality affordable housing community for the working families of Douglasville,” said Sams, managing director of GREA in Atlanta.