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“Tyler's extensive knowledge and expertise will help this team continue to be one of the top office tenant representation groups in Atlanta,” says John O'Neill, regional managing principal of Cushman & Wakefield's Atlanta office.
The seller has invested more than $5.4 million in capital improvements since 2007, and the well-maintained property includes a recently renovated on-site conference center and café and 1,288 underground parking spaces.
With full occupancy and an 11-year projected net operating income growth of 40 percent, Uptown Square offers both stability of income and yield, says Avison Young's John Crotty
The 894-bed Retreat at Orlando student housing complex was sold by a subsidiary of Inland Private Capital on behalf of one of its 1031 investment programs to Preferred Apartment Communities of Atlanta. PAC acquired the property through its wholly-owned subsidiary Preferred Campus Communities, LLC.
The new owners plan to spend approximately $3.2 million on a repositioning strategy, including renovation of common areas, amenities, and unit interiors.
Major employers locating in the Alpharetta/Roswell area are all great amenities that make the property attractive, says Kevin Geiger, vice chairman at CBRE.