ATLANTA—WP Carey (WPC) just tag teamed on the acquisition of two multifamily properties in Atlanta. WPC’s CPA:18 – Global bought a 97% interest in Dupont Place Apartments in Tucker, GA and Gentry’s Walk in Chamblee, GA. CPA:18 partnered with Carroll Organization and Silverpeak Real Estate Partners, which own the remaining interest. The total purchase price was $46 million.

“These investments represented an opportunity to secure assets with strong in-place cash flow and the potential to enhance future returns through targeted capital improvements and the installation of a professional local asset management team,” says Gino Sabatini WPC’s co-head of Global Investments. The transactions, he adds, are consistent with the firm’s strategy of acquiring income-generating assets backed by solid real estate with significant value-add opportunities.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.