Thursday, January 24, 2013

Williams Realty Trades 1M-SF Apt. Portfolio for $91M




National Commercial Real Estate News From CoStar Group





Williams Realty Trades 1M-SF Apt. Portfolio for $91M



Williams Realty Advisors sold three multifamily communities totaling 928 units in Atlanta, GA, suburban Raleigh, NC, and Austin, TX, to Preferred Apartment Communities Inc. for $90.8 million, or approximately $98,000 per unit.

PAC secured financing through Prudential Multifamily Mortgage Inc. and Jones Lang LaSalle Operations LLC.

The 1.08 million-square-foot portfolio consists of:
Ashford Park--408 units at 2000 Asbury Square in Atlanta’s...






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