CBRE Arranges Sale and Financing for Southeast Multifamily Portfolio

15 Nov 2021

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Ryan Salchert

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Atlanta – November 15, 2021 – CBRE Southeast Multifamily facilitated the sale of a four-property multifamily portfolio located across four states. CARROLL sold the portfolio to Greystar.

CBRE’s Shea Campbell, Colleen Hendrix, and Ashish Cholia represented the seller in the transaction. Nate Sittema and Kristen Reilley of CBRE Capital Markets’ Charlotte Debt & Structured Finance team represented a subsidiary of Greystar in the financing.

The properties account for a total of 1,263 multifamily units across the Southeast:

  • Edgewater Planation – 360-unit property located at 100 Eighty Oak Ave. in Mount Pleasant, South Carolina
  • ARIUM South Oaks – 323-unit property located at 100 Antioch Pike in Nashville, Tennessee
  • ARIUM Cumberland – 312-unit property located at 1818 Wood Hollow Court in Marietta, Georgia
  • ARIUM Mooresville – 268-unit property located at 175 Carriage Club Drive in Mooresville, North Carolina

“Apartment demand has continued to grow throughout the Southeast, and these four properties, located in four strong markets, presented a great opportunity for Greystar to add to its national portfolio,” said Colleen Hendrix, Senior Vice President with CBRE.

“The portfolio represents communities in highly desirable Sun Belt markets that – after executing our respective business plans – will continue to create opportunities for the next owner,” said M. Patrick Carroll, Founder and CEO of CARROLL.

Constructed between 1984-2001, the properties within the portfolio include numerous modern amenities and the opportunity for additional upgrades by the new ownership.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.