RRAEF Holdings Disposes Rare Class A Multifamily in Opelika
Cushman & Wakefield has arranged the sale of Paces at the Estates, a 270-unit multifamily property located in Opelika, AL.
Andrew Brown of Cushman & Wakefield and Brian Savage of Colliers facilitated the transaction. The seller was RREAF Holdings.
“Paces at the Estates is one of the few Class A conventional multifamily properties in the Auburn-Opelika metro area,” said Brown. “The buyer is excited to implement their management strategy in a market with historically high occupancy and growth opportunity,”
Built in 2008 and 2019, Paces at the Estates is within a submarket of the Auburn-Opelika metro area with major job drivers and quality retail nearby. Community amenities include a pool, courtyard with fire pit, gas grilling area, fitness center and gated access.
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.