ARC buys 334-unit, The Preston Apartments, in Atlanta-area for $52M ($156,811/unit)

5/30/2024

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Connect CRE

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Single Property

• Company: ARC Multifamily Group

CBRE has arranged a $34.2 million senior loan and a $11.7 million preferred equity investment to finance the acquisition of The Preston, a 334-unit apartment complex in McDonough, Georgia, approximately 30 miles southeast of downtown Atlanta.

ARC Multifamily Group

Tim Crisman | Director of Investments

[email protected]

931-472-9088