REBusinessOnline

OAK COAST, IMG ACQUIRE METRO ATLANTA APARTMENTS FOR $33.7M

DULUTH, GA. — Oak Coast Properties and IMG have acquired Promenade at Berkeley, a 492-unit apartment community located in Duluth, a northeastern suburb of Atlanta. The buyers purchased the community for $33.7 million from Northwoods Lake Partners LLC. Promenade at Berkeley includes a private lake, two tennis courts, fitness center, dog park, walking trails, playgrounds, a car care center and a business center. The buyers plan to renovate the property in the first quarter.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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