Walton Communities Offloads Two Atlanta Rental Properties
Walton Communities has sold off Walton Lakes, a 305-unit, market-rate multifamily community, and The Legacy at Walton Lakes, a 126-unit, 55+ LIHTC community, both in Atlanta. Clark Ventures was the buyer. The buyer was able to assume HUD financing for Walton Lakes. JLL represented the buyer on the affordable acquisition financing of Legacy.
Completed in 2009, Walton Lakes and The Legacy at Walton Lakes consist of six garden-style residential buildings offering one-, two-, and three-bedroom apartment homes. Tenants enjoy patios or balconies, clubhouse, swimming pool, fitness center, picnic area, playground and a business center.
Situated on a 35.83-acre site at 4687 Camp Creek Parkway, Walton Lakes and The Legacy at Walton Lakes are in Atlanta’s South Fulton submarket.
JLL Capital Markets’ Investment Sales & Advisory team of John Weber, Peter Yorck and Nick Brown, with JLL’s Affordable Housing team led by Doug Childers, Michael Fox, Murphy Holloway and Melissa Bloem represented the seller.
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National City Investment Group Commences Workforce Housing Build
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Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout