CBRE recently facilitated the sale of Signal, a 285-unit mid-rise apartment complex located in Hapeville, Georgia. The property is situated approximately 8 miles south of Downtown Atlanta and was sold by Atlanta-based developer South City Partners. The buyer, Penler in partnership with global investment firm Carlyle (NASDAQ: CG), acquired the property.
The CBRE Southeast Multifamily team consisting of Shea Campbell, Ashish Cholia, Kevin Geiger, Keith Geiger, Colleen Hendrix,
Don Hoffman,
Malcolm McComb,
and Kurt McGarry represented South City Partners in the transaction.
Signal was completed in 2023 and offers a mix of one- and two-bedroom units with an average size of 861 square feet. Each unit includes washers and dryers as well as personal balconies or patios. Residents can also enjoy various community amenities such as a multimedia club room,
sky lounge,
outdoor grilling areas,
pizza oven
fireside lounge
complimentary resident coffee bar
fitness center
saltwater pool
dog park
private garages rental storage units.
This sale marks another successful transaction for Connect CRE’s client.
