Cushman & Wakefield has arranged the sale of Park Place, a 198-unit apartment community located in Peachtree City, Georgia. Nathan Swenson and Josh Goldfarb of Cushman & Wakefield represented the seller, Croatan Investments and Brightman & Gil REIM, in the transaction. A private California-based investment group acquired the property.

“Park Place provides a rare opportunity to own in one of metro Atlanta’s most exclusive and high-barrier suburbs,” Swenson said. “Peachtree City’s affluent demographics, top-tier schools and limited multifamily inventory werevery attractive to the buyer for achieving both near and long-term investment objectives.”

Park Place, built in 1988, is located in one of Georgia’s wealthiest cities in an area consistently ranked among the top in the country for quality of life and school system excellence.

Cushman & Wakefield’s Southeast Multifamily Advisory Group is the most active firm in the region, with the No. 1 market share based on transactions and sales volume reported to CoStar. In 2017, the group closed $4.8 billion in sales volume through 268 deals and more than 55,000 units.For more information about Cushman & Wakefield’s Southeast Multifamily Advisory Group, visit https://multifamily.cushwake.com.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.comor follow @CushWake on Twitter.