ATLANTA — September 17, 2021 — Berkadia Institutional Solutions, powered by Moran, announced today the sale of a two-property multifamily portfolio, consisting of The Mille Brookhaven and TwentyNine24 Brookhaven, located in Atlanta, Georgia. Managing Director Russ Hardy of Berkadia Atlanta completed the nearly $145 million in combined sales on behalf of the seller, California-based FPA Multifamily, LLC. The buyer was California-based CGI+ and the deal closed on July 29.
“The Atlanta market has continued to demonstrate its durability and investment attractiveness despite the events of the last 18 months,” said Hardy. “Looking forward, The Mille Brookhaven and TwentyNine24 Brookhaven are well–positioned to benefit from the newly created Brookhaven Medical District, which will include the new campus of Children’s Healthcare of Atlanta that is currently under construction, and Emory Healthcare’s Executive Park Campus, which has current outpatient services and future plans to be a live-work-play health innovation district.”
The Mille Brookhaven is a 359-unit garden-style multifamily property located at 1000 Barone Ave. The property features studio, one-, two- and three-bedroom floor plans with in-unit washers and dryers, hardwood floors and walk-in closets. Community amenities include a swimming pool, a fitness center, a clubhouse, a business center and a concierge service.
TwentyNine24 Brookhaven is located at 2924 Clairmont Road. The 353-unit garden-style multifamily property features studio, one-, two- and three-bedroom floor plans with air conditioning, in-unit washers and dryers and a balcony. Community amenities include a swimming pool, a fitness center, a clubhouse, a business center, a playground and gated access.
Both properties are conveniently located near Downtown Atlanta, the Children’s Healthcare of Atlanta’s new campus at Brookhaven Medical District, Interstate 85 and the shops and restaurants along Clairmont Road.