Global Real Estate Advisors Announces Sale of Phoenix Place Townhomes for Nearly $14M

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Phoenix Place
Located at 2420 Heaton Drive, the property is a 1971-built garden-style multifamily asset featuring 144 units with one, two and three-bedroom townhome floorplans.

Global Real Estate Advisors (GREA), a full-service real estate advisory firm specializing in multifamily acquisitions and dispositions, announces the $13,875,000 sale of Phoenix Place Townhomes in East Point, Georgia.

GREA represented the seller in the transaction, Pacific West Land, who sold the asset to Green Forest Capital. This is Green Forest Capital’s first acquisition in Atlanta. Taylor Brown, Mack Leath and Barden Brown of GREA managed the sale.

Phoenix Place is located seven miles southwest of downtown Atlanta, with easy access to public transportation and proximity to major freeways and highways.

“We are proud to announce the sale of Phoenix Place to Green Forest Capital. It’s always exciting to see fresh capital enter the Atlanta market motivated to improve the property and quality of life for the residents,” said Taylor Brown, executive managing director of GREA in Atlanta.