NY investor acquires $45M workforce housing asset
Spaxel announced today that it has acquired a 266-unit workforce housing asset situated in the Atlanta metropolitan area, with Avison Young arranging a joint equity partner for the firm. Spaxel, a vertically integrated development and investment firm based in New York, purchased the Hills at East Cobb in Marietta, GA in a $45 million transaction. The multifamily residential complex is located at 1716 Terrell Mill Road, 1.5 miles from the new Atlanta Braves stadium. GRANIT GJONBALAJ Spaxel is led by managing partner Granit Gjonbalaj, previously chief development officer at WeWork, and ...
Source: rew-online.com