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Atlanta & Southeast  + Apartments  |  October 24, 2019
David Cohen
By: David Cohen

Villa Rica Apartment Community Trades for $31M

Cushman & Wakefield has arranged the $31.1 million sale of Hickory Falls, a 220-unit apartment community in Villa Rica.

Amenities at the property, which was built in 2003, include a swimming pool, fitness center, two tennis courts and a dog park. Nathan Swenson and Travis Presnell of Cushman & Wakefield represented the seller, Wilkinson Group, in the transaction. InterCapital Group acquired the property.

“Atlanta’s western suburbs have attracted a lot of investor attention lately, as fundamentals are very strong,” said Swenson. “Access to employment nodes along Atlanta’s western edge, from the Galleria to the airport is convenient, and ongoing economic expansion in warehouse, industrial and logistics jobs continues to attract new residents.”

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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