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WashREIT has acquired The Carlyle of Sandy Springs multifamily community in Atlanta, GA, for $105.6 million.

WashREIT Continues to Shop in Atlanta’s Multifamily Market with $106M Buy

Washington, DC-based WashREIT has acquired The Carlyle of Sandy Springs, a 389-unit multifamily community located in northern Atlanta, GA, for $105.6 million.

Mike Kemether, Travis Presnell and James Wilber of Cushman & Wakefield represented the seller, Spyglass Capital Partners, in the transaction.

“With some of the largest apartment units in the submarket and with an abundance of sought-after townhomes at the property, WashREIT plans to continue with unit upgrades and adding value for middle-income renters,” said Kemether. “The new owner is well positioned with their entry into the Sandy Springs submarket as they continue expanding in the Southeast with their third acquisition in the Atlanta area.”

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Inside The Story

Cushman & Wakefield’s Kemether

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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