BIRMINGHAM, Ala. --- Hendricks & Partners, one of the nation’s largest and most active multifamily investment banking and research companies, and Brown Realty Advisors, recently negotiated the sale of Arbors at Berkeley Apartments, a 130-unit apartment community located in Atlanta for $5.665 million.
David Oakley, senior investment advisor of Hendricks & Partners’ Alabama office and Bo Brown of Brown Realty Advisors in Atlanta negotiated the sale representing the seller, Redus Georgia Commercial, LLC, a Delaware limited liability company By: Redus Properties, Inc., based in Charlotte.
Arbors at Berkeley, built in 1948 and renovated in 2009, has a total of 73,602 square feet of rentable living space with one-and two-bedroom apartments.
The buyer was Arbors Mid Town LLC, a Georgia limited liability company.
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