ATLANTA, GA - GREA, a full-service real estate advisory firm specializing in multifamily acquisitions, dispositions, and financing, announces the $43,500,000 sale of The Life at Greenbriar Apartments in Atlanta.
GREA represented the seller in the transaction, Olive Tree Holdings, who sold the asset to Icer Properties. The sale was handled by Taylor Brown, Chandler Brown and Barden Brown.
Located at 2909 Campbellton Road, The Life at Greenbriar is a 1971-built asset comprised of 376 units. The multifamily asset features a leasing office, controlled access gate, playground, dog park and laundry center.
The property is conveniently located within a short drive from downtown Atlanta and numerous new developments, including Amazon's new Westside development, Microsoft's East Coast hub and Six West's 311-acre mixed-use development. The property is also close to Tyler Perry Studios, the Fort McPherson redevelopment site, Marta Rail Line and Smart Transit Corridor.
The purchaser has renamed the property as The Hills at Greenbriar and plans to bring the fourteen offline units back to the rental market and will continue upgrading the unit interiors.
"With strong investor demand throughout the southeast for multifamily housing, The Life at Greenbriar Apartments is an extremely desirable property due to its close proximity to downtown Atlanta," said Taylor Brown, Executive Managing Director at GREA.
About GREA: GREA offers a personal, hands-on, client-driven approach that understands how to tailor solutions to the needs of each investor. GREA aims to help its clients achieve their real estate goals by leveraging its local expertise with the network's global reach, knowledge, experience, expertise, creativity, and connections. For more information, visit www.grea.com