Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Atlanta & Southeast  + Southeast  + Apartments  |  August 26, 2022
Kushner has purchased the Boardstreet at Eastchase apartments in Montgomery, AL for $49.5 million.
Lisa McDuffie
By: Lisa McDuffie

Kushner Finalizes $59M Purchase of 276-Unit Montgomery Multifamily

Kushner has completed its $49.5-million acquisition of Broadstreet at Eastchase, a 276-unit multifamily asset in Montgomery, AL. The property was built in 2010 and traded for $182,000 per unit.

Josh Jacobs and Royce Emerson of Marcus & Millichap represented the seller, a local family office, and procured the buyer.

“Apartment rents in the Montgomery market rose more than 10% year over year while maintaining a tight 2% market vacancy rate in the Class A space,” said Emerson. “This is a function of limited new supply driving the strong demand for existing product.”

Read More News Stories About: Marcus & Millichap
Connect

Inside The Story

Marcus & Millichap's Emerson

About Lisa McDuffie

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.
Order Reprints
  • ◦Sale/Acquisition
New call-to-action