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Atlanta & Southeast  |  August 28, 2019
David Cohen
By: David Cohen

JV Acquires Atlanta Apartment Portfolio for $42M

A joint venture between Atlanta-based Tenth Street Ventures and Braden Fellman Group has acquired a 335-unit apartment portfolio in the Morningside-Lenox Park neighborhood of Atlanta for $41.8 million. The portfolio is located along Lenox Road NE and Woodland Avenue.

Jake Reid, Chad DeFoor, and Roger Schoerner of Franklin Street’s Atlanta multifamily investment sales team represented the undisclosed seller in the transaction.

“Atlanta is one of the most affordable major cities in the United States relative to job growth and job talent,” said Brian McCarthy, principal of Tenth Street. “We expect immense growth in the Southeast and Atlanta.”

For comments, questions or concerns, please contact David Cohen

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Connect With Tenth Street’s McCarthyConnect With Franklin Street’s ReidConnect With Braden Fellman Group

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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