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Trio of Class B Multifamily Near Six Flags Trades

ATLANTA—QR Capital bought the multifamily assets a lender following the 2009 bankruptcy of the previous owner. Get the rest of the story.

By Jennifer LeClaire | Updated on October 18, 2013

ATLANTA—H.J. Russell & Company and Civitas Communities have snapped up nearly 500 multifamily units in three multifamily complexes near Six Flags Over Georgia. The joint venture bought the class B multifamily properties from QR Capital for nearly $20 million.

Rod Mullice, senior managing director at NGKF in Atlanta, represented the buyer and arranged the debt in the transaction. Mullice placed nearly $9 million of debt with Citizen’s Trust Bank of Atlanta and managed a $3 million loan assumption from Walker & Dunlop.

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