trending Market Intelligence /marketintelligence/en/news-insights/trending/SzE0JmmZIADQ107Ymjetdg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: AVR Realty sheds multifamily portfolio in $510M off-market deal

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021

Capital Markets View – January 2021


Report: AVR Realty sheds multifamily portfolio in $510M off-market deal

AVR Realty Co. sold a portfolio of 11 multifamily properties across Louisiana, South Carolina, Tennessee and Georgia for $510 million in an off-market transaction, The Real Deal reported, citing unnamed sources.

The properties, which total 3.6 million square feet and contain 3,600 apartment units, were acquired by investor David Werner and the Cohen family's Carlton Associates.

Sources told the publication that the buyers may consider building 200 additional units at the properties.

Werner, AVR and Carlton were not available for comment, according to the report.