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The deal includes an undeveloped parcel that's nearly 94 acres. It coincides with Weinstein's nearly $103 million sale of another apartment complex in Chesterfield.
The deal, which closed just before year's end, equates to $158,000 per door and marks the largest apartment sale in the region in 2023.
It turns out the region’s biggest apartment sale of 2023 came in not long before the ball dropped. The Belmont Hills Apartments in Chesterfield sold last month for $102.8 million.
ATLANTA, GA - Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Alexan Summerhill, a recently built 315-unit multifamily community in Atlanta’s Summerhill submarket. Robert Stickel, Alex Brown, Ashlyn Warren, Michael Kay, and Sim Patrick of Cushman & Wakefield represented the sellers in the transaction. The multifamily community was sold by Trammell Crow Residential and PGIM Real Estate, and acquired by Weinstein...
The date was set by Judge Ann Butchart in a scheduling hearing on Dec. 22.