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Atlanta & Southeast  + Apartments  |  August 9, 2019
David Cohen
By: David Cohen

Midtown, Atlanta Apartment Community Trades for $37M

Taurus Investment Holdings acquired 251 North, a 192-unit, garden-style apartment community in Atlanta’s Midtown South submarket for $36.5 million. The community is currently 93% occupied.

Located at 300 Cityline Ave. NE, the property is adjacent to Atlanta’s Central Park and was built in 1989. The community consists of one- and two-bedroom floor plans. Amenities include a resort-style pool, outdoor grilling stations, a fitness center and covered parking.

Jamie Leachman and Ware Shipman of JLL secured a $24.9 million acquisition loan on behalf of Taurus Investment Holdings. The 10-year, floating-rate loan was provided by Freddie Mac. The seller was Abacus Capital Group.

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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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