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Atlanta & Southeast  + Southeast  |  June 30, 2020
David Cohen
By: David Cohen

JLL Arranges $106M Sale of Southeast Affordable Housing Portfolio

JLL has arranged the $106 million sale of a 20-property Project-Based Section 8 portfolio totaling 1,763 units in Georgia, North Carolina and South Carolina.

The seller, Ambling, was represented by Doug Childers, Michael Fox and Ryan Clutter of JLL. Preservation Partners Development, Infinity Real Estate Advisors and Jonathan Rose Companies each acquired parts of the portfolio.

Preservation Partners Development purchased 12 communities in Georgia, including Athens Gardens and Clarke Gardens in Athens; Glynn Isle Townhomes in Brunswick and Calhoun Gardens in Calhoun. Infinity Real Estate Advisors acquired two North Carolina properties and five South Carolina communities. Jonathan Rose Companies acquired Savannah Summit in Savannah, Georgia.

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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