Meridian Hills apartment complex sells for $26 5M after 55 years with same family ibj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibj.com Daily Mail and Mail on Sunday newspapers.
Connecticut Retirement Plans & Trust Funds, Hartford, committed a total of $150 million to two alternatives funds. Shawn T. Wooden, state treasurer and fiduciary of the $40 billion state pension system, announced at the state's investment advisory council Wednesday his decision to commit $100…
Located at
135 Brink Haven Ave., Madison Flats opened in 1959 and offers 154 units in multiple two-story buildings.
The new owner is 135 Brink Haven LLC, which is affiliated with New York-based JEM Holdings LLC.
The seller was Nashville-based Covenant Capital Group, which paid about $8.18 million in January 2018, according to Metro records. Covenant gave the property a major upgrade after the purchase, according to the Madison Flats website.
Covenant is known for acquiring apartment buildings, upgrading them and then selling. For example, in mid-2017 the company finalized a $27.3 million sale of 500 5th Avenue, a 170-unit modernist midrise apartment building located in downtown Nashville. Covenant gave that property a major overhaul prior to the sale (read more
Rosewood Realty Group National Investment Sales Division has closed on the $133 million acquisition of a multifamily portfolio in Atlanta, GA, on behalf of Canadian real estate company, Venterra Realty.
The
acquisition included 309 units at The Whitney at Sandy Springs and 505-units at
The Harrison, both located in the Sandy Spring submarket of Atlanta.
Rosewood’s Jonathan Brody and Elliot Haft represented Venterra Realty. CBRE represented the seller, Covenant Capital Group.
JONATHAN BRODY
“We have been working with Venterra for quite some time in multiple states and are happy to get a deal done with them in Atlanta,” said Brody who was appointed in January by Rosewood’s Founder & CEO Aaron Jungreis to lead the company’s new National Investment Sales division to focus on off-market multifamily transactions nationally.