Invesco Buys 372-Unit Apt. Complex in Buckhead
Developer Sells The Goodwyn in DeKalb County
November 14, 2012
Invesco Real Estate purchased the 372-unit The Goodwyn at Town Brookhaven apartments at 705 Town Blvd. in Upper Buckhead area of Atlanta from Lincoln Property Co.
Lincoln Property built the multifamily in 2010 in DeKalb County. The mixed-use complex includes restaurants, a movie theatre and other retail facilities. Invesco will hire Lincoln Property to continue managing the development.
While the sale price was undisclosed, the property was assessed at $34.4 million last year.
Paul Berry, Kevin Geiger and Malcolm McComb of CBRE's Multi-Housing Group represented Lincoln Property.
Please see CoStar COMPS #2597541 for more information on this transaction.