Cushman & Wakefield Brokers $106.7M Sale of Southeast, Texas Multifamily Portfolio

ATLANTA — Cushman & Wakefield has arranged the $106.7 million sale of an 18-property apartment portfolio across the Southeast and Texas. The portfolio comprises 1,858 units. There are seven properties in Alabama; five in Pensacola, Fla.; three in Tennessee; a 200-unit property in Pascagoula, Miss.; a 203-unit property in Winston-Salem, N.C.; and a 223-unit property in Houston. Tyler Averitt and Craig Hey of Cushman & Wakefield’s Atlanta office represented the seller, Varden Capital Properties, in the transaction. The Walden Group acquired the properties.