Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Flats at Westshore, a recently built 362-unit multifamily community located in Cumming, Georgia.
Robert Stickel, Alex Brown, Ashlyn Warren, Michael Kay, and Sim Patrick of Cushman & Wakefield represented the seller, Atlantic Residential, in the transaction. The community was acquired by Weinstein Properties.
“Atlantic Residential identified this unique opportunity to develop a mixed-use village along with The Flats at Westshore. They designed and delivered a differentiated multifamily asset with several attractive attributes including greenspace, ample amenities, and complementary retail in a walkable environment. The success here was marked by a strong lease-up with trending rents, and swift sale upon agency financing eligibility,” said Stickel, Executive Vice Chair at Cushman & Wakefield.
“Weinstein Properties added another great asset to their growing Atlanta portfolio with the acquisition of The Flats at Westshore. They were attracted to the community’s location in the renowned GA-400 North Corridor that benefits from Forsyth County’s high barriers to entry, excellent schools, compelling jobs, and population growth,” added Brown, Executive Managing Director at Cushman & Wakefield.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 95-person investment sales team covering 11 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2023, the group closed $5 billion in sales volume through 151 deals and 26,000 units.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more.
