NEW YORK, NY - Rosewood Realty Group announced the $133 million sale of two large multifamily properties totaling 814 units in Atlanta as the company’s National Investment Sales Division spreads to another state beyond New York City.
Rosewood Realty’s Jonathan Brody and Elliot Haft successfully facilitated the sale of a substantial multifamily portfolio in Atlanta, Georgia. Both Brody and Haft represented the buyer Venterra Realty, a Toronto based Real Estate Company.
“We have been working with Venterra for quite some time in multiple states and 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.
The $133 million portfolio sale included 309 units at The Whitney at Sandy Springs and 505-units at The Harrison, both located in the Sandy Spring submarket of Atlanta.
Both complexes were recently renovated and upgraded, offering one bedroom, two bedroom, and three bedroom floor plans. Amenities include: an outdoor swimming pool, spa, playground, BBQ area and fitness center.
“The Atlanta market has been one of very few markets to rebound quickly from the coronavirus pandemic. We are thrilled to have presented this opportunity to Venterra and glad we were able to get it through the finish line in these challenging times” said Elliot Haft of Rosewood Realty.”
In February, Rosewood closed a $117 million multifamily sale in Maryland and in October Rosewood closed a $78 million portfolio in Texas. The firm also has a $45 million deal in hard contract in Washington DC as well as a $54 million deal in Connecticut that is expected to close by year-end.