NEW YORK, June 15, 2021 (GLOBE NEWSWIRE) – Greystone Brown Real Estate Consultants announced that it had closed the sale of an apartment building in Marietta, Georgia, for $ 44,240,000. Greystone Brown represented Olive Tree Holdings in the transaction. The Greystone Brown team leading the deal included Taylor Brown, Corey Caroline Sams, Chandler Brown, Barden Brown and Walter Miller.
Located in Cobb County, Living in a West Cobb apartment located at 2665 Favor Road. The multi-family asset consists of 395 units and is subject to a 90% low income tax credit in a highly attractive area of North Atlanta.
“We have developed an excellent partnership with Olive Tree Holdings and are grateful that they have entrusted us with more than ten dispositions,” said Taylor Brown, director of Greystone Brown Real Estate Advisors. “This asset, in particular, faced some challenges during the pandemic, including lower occupancy rates and interruptions in collection, but this is a quality property in a fantastic location, so it requires a high purchase price.”
About Greystone Brown Real Estate Advisors
Greystone Brown Real Estate Advisors is a commercial investment brokerage company specializing in the sale of multi-family and retail real estate in the South East. The firm is one of the largest and oldest private brokerage firms in the region. Greystone Brown Real Estate professionals strive to understand the goals of maximizing profitability and profits while adhering to critical time frames. For more information visit www.brownra.com…