| Oxford Ridge Apartments, a 492-unit apartment community in East Point, sold for $39M. The buyer was Landmark Residential Properties/Asset Development Group, and the seller was Oxford Ridge JV LLC. Cushman & Wakefield's Atlanta apartment brokerage team, led by David Gutting, repped the seller. David calls it "one of the few non-distressed properties to have traded this year." He tells us Oxford Ridge has been a solid performer throughout the downturn, which helped it attract a knowledgeable buyer from among the many investor groups now ready to re-enter the multifamily market.? |
APARTMENT SALE
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David Gutting
, East Point
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