Cushman & Wakefield has arranged the sale of Park Place, a 198-unit apartment community located in Peachtree City, Georgia. Nathan Swenson and Josh Goldfarb of Cushman & Wakefield represented the seller, Croatan Investments and Brightman & Gil REIM, in the transaction. A private California-based investment group acquired the property.
“Park Place provides a rare opportunity to own in one of metro Atlanta’s most exclusive and high-barrier suburbs,” Swenson said. “Peachtree City’s affluent demographics, top-tier schools and limited multifamily inventory were very attractive to the buyer for achieving both near and long-term investment objectives.”
Park Place, built in 1988, is located in one of Georgia’s wealthiest cities in an area consistently ranked among the top in the country for quality of life and school system excellence.