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JA Murphy Group Sells A Portfolio of Multi-Family Properties JA Murphy Group Sells A Portfolio of Multi-Family Properties JA Murphy Group Sells A Portfolio of Multi-Family Properties JA Murphy Group Sells A Portfolio of Multi-Family Properties

GVA Pro LLC Acquires Two Affordable Housing Communities for $11.4 Million
By Joanna Ngo Pagar
August 30, 2017 | 9:53 P.M.

GVA Property Management, an integrated real estate company specializing in the multifamily real estate sector based in Austin, TX purchased a portfolio of two multi-family properties at 1830 Spring Branch Drive in Madison, TN also known as the Meadow Brook Apartments with 88 units and 2565 17th Avenue E in Springfield, TN also known as the 17th Street Apartments with 96 units from JA Murphy Group for $11.4 million. The 194,692-square-foot combined buildings completed construction in the year of 2001 and 2004 and at the time of sale, the occupancy for the portfolio was in the high 90 percentile. Alan Stalcup of GVA Pro LLC represented himself as the buyer, while Derek DeHay, Clifford McDaniel, Dave Fournier, Chris Berfmann, and Jack Brett of ARA Newmark represented the seller. Please see CoStar COMPS # 3968386 for more information on this transaction.

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