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Atlanta & Southeast  + Southeast  + Apartments  |  October 16, 2020
David Cohen
By: David Cohen

Memphis Apartment Community Trades for $32M

Cushman & Wakefield has arranged the $31.5 million sale of Villas at Cordova, a 256-unit apartment community in Memphis. Mike Kemether and Craig Hey of Cushman & Wakefield represented the seller, Mount Auburn Multifamily, in the transaction. The buyer was Kushner Cos.

The community features direct access to the 4,500-acre Shelby Farms Park via the Greenline. Additional amenities include a fitness center, dog park, resort-style swimming pool, car wash bay and grilling area.

“We are excited to plant our first flag in Memphis and to continue to grow our presence in the Sunbelt,” said Riley Wilson, acquisitions analyst at Kushner. “It’s a market that has been on our radar for over a year and we love the growth story here.”

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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