ParkProperty Capital has acquired The Monroe, a 217-unit multifamily property in the Brookwood neighborhood of Atlanta. The final sale price was $91 million, equating to $419,355 per unit.
The sellers were RangeWater and Artemis Real Estate Partners, which were represented by Cushman & Wakefield's Robert Stickel and Alex Brown.
The Monroe is in Brookwood, at the intersection of Atlanta's top Central Business Districts, Midtown, and Buckhead. The property offers walkability to thousands of medical jobs at Piedmont Hospital's 1.5 million-square-foot expansion, while being rooted in a highly desirable 'beachfront' location on the BeltLine and Bobby Jones Golf Course.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
