Wednesday, February 6, 2013

Wilwat Trades Atlanta Multifamily Assets for $78.5M




National Commercial Real Estate News From CoStar Group





Wilwat Trades Atlanta Multifamily Assets for $78.5M



Wilwat Properties Inc. sold its Atlanta, GA, area multifamily portfolio for $78.5 million, or about $91,000 per unit. The buyers were Alpharetta-based real estate investment firm Hibernian Pacific Holdings LLC along with Evolution Capital Management, its Los Angeles-headquartered co-sponsor and limited partner.

The 864 apartment units increase Hibernian Pacific's diversified portfolio, which is mostly in the southeast, midwest and western markets...






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