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Atlanta & Southeast  + Apartments  |  December 4, 2019
David Cohen
By: David Cohen

Greystone Arranges $37M Sale of Austell MF Portfolio

Commercial real estate lending, investment and advisory company Greystone arranged the $36.5 million sale of a three-property multifamily portfolio consisting of 490 units in Austell. Additionally, the company provided a $30 million bridge loan on behalf of the undisclosed buyer.

The three garden-style properties are adjacent to one another in the Cobb County town of Austell. Built in 1988, Hunter’s Grove is comprised of 200 units. Kingsley Village, which was built in 1974, includes 146 units. Parkview Apartments was built in 1971 and features 144 units.

Taylor Brown, Chandler Brown, Barden Brown, and Walter Miller of the Greystone Brown Real Estate Advisors team represented the seller, HKP Austell, in the transaction. Leor Dimant of Greystone’s New York office originated the acquisition financing.

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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