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Transactions - AUGUST 3, 2021

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FPA Multifamily sells 219-unit property in Georgia

by Kali Persall

FPA Multifamily has sold a multifamily property in Sandy Springs, Ga., to privately held multifamily real estate firm 29th Street Capital for $43.3 million.

Greystone Brown Real Estate Advisors represented the seller in the transaction, and also provided a $34 million bridge loan to the buyer.

The 219-unit property, known as ReNew Sandy Springs, is located in Fulton County and features amenities such as a pool, fitness center and a playground.

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