Metro Atlanta Multifamily Asset Trades Hands

Atlanta, GA (May 28, 2019) – CBRE has arranged the sale of a 498-unit multifamily property in Woodstock, Georgia, north of Atlanta. Bell Woodstock traded to Hudson Capital Properties.

CBRE’s Kevin Geiger represented the seller.

“In my thirty years of selling apartments, I have never seen such investor enthusiasm,” Geiger said. “Atlanta is a favored market and much of that is due to excellent job growth and favorable interest rates. Of course, Bell Woodstock also features attractive unit designs and site layout. With its proximity to the revitalized downtown Woodstock and excellent schools, this was a highly sought-after property.”

Bell Woodstock is one of few multifamily options in Woodstock, which has seen less than 700 units delivered over the past five years. The property presented a rare opportunity for investors to enter the market and continue renovation momentum. Property improvements began in 2014, which included light renovations to common areas. Existing amenities include a conference room, outdoor kitchen, tennis courts, Starbucks, yoga studio, dog park, putting green, volleyball court and more.

Woodstock is considered a premier suburban market in the Atlanta metro. Fueled by top public schools, outdoor recreation options and a walkable downtown, Woodstock has doubled its population since the mid-2000s. It is consistently ranked as one of the best places to live in Georgia. The country leads the Atlanta metro in low unemployment, and more than 1,000 new jobs have recently been announced.

Atlanta’s multifamily market continues to rank among the top performing markets in the U.S. As one of the fastest-growing job and population growth markets, Atlanta draws multifamily investors nationally and internationally. The multifamily market is expected to continue to thrive as the city attracts more residents, corporations and entertainment.