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The Beach Company has acquired Forty Three 75 Apartments, a 260-unit garden-style multifamily community in South Fulton, GA for $37 million

The Beach Company Acquires South Fulton Multifam for $37M

Beach Real Estate Funds, LLC, an affiliate of Charleston, SC-based The Beach Company, has acquired Forty Three 75 Apartments, a 260-unit garden-style multifamily community in the South Fulton submarket of Atlanta, GA.

The $37-million ($142,500 per unit) acquisition was made on behalf of the Beach Investment Fund, LP, a discretionary fund that acquires and operates multifamily assets throughout the Southeastern US.

The 1975-constructed Forty Three 75 Apartments offers direct access to the Fulton Industrial District. According to the company, the area has 46 million square feet of warehouse space, over 500 industrial buildings, more than 20,000 workers and nearly $1 billion in payroll. Area tenants include Google, Amazon and FedEx.

“Being the affordable, close-in option for this fast-growing regional workforce gives us a fantastic opportunity to provide a meaningful impact to the community for the benefit of its residents and the broader submarket,” said Darby Parker, BREF’s acquisitions manager.

Photo credit: The Beach Company


Inside The Story

Beach Real Estate Fund, LLC’s Parker

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.

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