{"id":1004120820,"date":"2015-06-08T06:51:36","date_gmt":"2015-06-08T14:51:36","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=352430"},"modified":"2022-03-03T14:02:44","modified_gmt":"2022-03-03T22:02:44","slug":"brookhaven-community-picked-up-by-florida-based-management-firm","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brookhaven-community-picked-up-by-florida-based-management-firm\/","title":{"rendered":"Brookhaven Community Picked Up by Florida-Based Management Firm"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Legacy Century Center, the former Windmont apartments, changed hands recently, according to Transwestern. Managing Directors Mike McGaughy and Jon Kleinberg of the company\u2019s Southeast Investment Services Group brokered the disposition on behalf of the seller, Church Street Partners of Raleigh, NC. A multifamily management company based in South Florida, Atlantic & Pacific Property Management closed on the Class A asset.<\/p>\n

The transaction was worth $15.25 million which translates into $85.674 per unit or $102 per square foot. According to data from Yardi Matrix, the buyer assumed a CMBS loan in the original amount of $9.48 million through Freddie Mac. Church State Partners bought the community in August 2012 from local investor Tempo Properties for $11.85 million ($66,573 per unit or $79 per square foot).<\/p>\n

Built in 1990, the institutional-quality, 178-unit, garden-style property offering a mix of one- and two-bedroom units is located on a 6.79-acre site at 100 Windmont Drive in the metro\u2019s Brookhaven submarket with convenient access to Peachtree Road and I-85 and I-285. Lenox Square, Phipps Plaza and Oglethorpe University are also within easy reach of Legacy Century Center.<\/p>\n

As previously reported by MHN<\/a>, the buyer simultaneously closed on the 288-unit Carriage Place in Decatur, swelling its Atlanta-area portfolio to nearly 3,000 units.<\/p>\n

Image source: Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Legacy Century Center, the former Windmont apartments changed hands recently, Transwestern announced.<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21742],"tags":[39387,1815],"class_list":["post-1004120820","post","type-post","status-publish","format-standard","hentry","category-atlanta","category-latest","tag-atlanta","tag-national"],"acf":[],"yoast_head":"\nBrookhaven Community Picked Up by Florida-Based Management Firm - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brookhaven-community-picked-up-by-florida-based-management-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brookhaven Community Picked Up by Florida-Based Management Firm\" \/>\n<meta property=\"og:description\" content=\"Legacy Century Center, the former Windmont apartments changed hands recently, Transwestern announced.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brookhaven-community-picked-up-by-florida-based-management-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-08T14:51:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T22:02:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/Legacy-Century-Center-atlanta.jpg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brookhaven-community-picked-up-by-florida-based-management-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brookhaven-community-picked-up-by-florida-based-management-firm\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"Brookhaven Community Picked Up by Florida-Based Management Firm\",\"datePublished\":\"2015-06-08T14:51:36+00:00\",\"dateModified\":\"2022-03-03T22:02:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brookhaven-community-picked-up-by-florida-based-management-firm\\\/\"},\"wordCount\":208,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brookhaven-community-picked-up-by-florida-based-management-firm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/06\\\/Legacy-Century-Center-atlanta.jpg\",\"keywords\":[\"Atlanta\",\"National\"],\"articleSection\":[\"Atlanta\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brookhaven-community-picked-up-by-florida-based-management-firm\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brookhaven-community-picked-up-by-florida-based-management-firm\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brookhaven-community-picked-up-by-florida-based-management-firm\\\/\",\"name\":\"Brookhaven Community Picked Up by Florida-Based Management Firm - 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