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Atlanta & Southeast  + Southeast  + Apartments  | 

Walden Snags 18-property Southeast MF Portfolio

Atlanta-based Varden Capital Properties divested an 18-property, 1,858-unit portfolio of apartment communities throughout the Southeast. The Walden Group acquired the properties for $106.7 million.

Cushman & Wakefield’s Tyler Averitt and Craig Hey of Cushman & Wakefield represented the seller.

Averitt says, “The Walden Group’s platform is set up well to capitalize on the conversion to conventional as they exit compliance in the coming years, allowing them to maximize returns for their investors. The portfolio timing also allowed the buyer to line up dispositions through Cushman & Wakefield, so they acquired many of the assets with tax-free 1031 money, ever compounding the initial investment from their private equity partners.”

The portfolio included:

  • Seven properties across Alabama
  • Five properties in Pensacola, FL
  • Three properties across Tennessee
  • One 200-unit property in Pascagoula, MS
  • One 203-unit property in Winston-Salem, NC
  • One 223-unit property in Houston, TX

*Pictured Arlington Park

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Connect With The Walden GroupConnect With Varden Capital PropertiesConnect With Cushman & Wakefield’s Averitt

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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