Suburban Atlanta Multifamily Earns 192% Total Return for Investors
November 24, 2021
Capital Square 1031 has sold the Fairway View Apartments, a 243-unit multifamily community adjacent to the former Northwood Country Club golf course in Lawrenceville, GA, for $45.75 million. The property was owned by a group of DST investors who realized 191.72% total return, or a 22.43% annualized return, from their 1031 exchange investment.
The community is comprised of 26 two- and three-story residential buildings with one-, two-, three- and four-bedroom units averaging 1,089 square feet. Community amenities at the property include golf course views, a stand-alone clubhouse, coffee and tea bar, playground, sports court, swimming pool and a pet walk and care stations.
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- On November 24, 2021