Le Lézard
Classified in: Business
Subject: RLE


IRVINE, Calif., Jan. 25, 2022 /PRNewswire/ -- Starboard Realty Advisors is pleased to announce the sale of The Metro - which occurred on December 9th, 2021. This 200-unit apartment community is located in northwest suburban Atlanta, Cobb County, GA. Mike Kemether, and Travis Presnell of CBRE represented Starboard in the transaction.

Located at 1500 Parkwood Circle, the property was 96.5% leased at the time of sale. The Metro contains a mix of 1 and 2 bedroom units featuring granite countertops, stainless steel appliances, and patio/balconies. In addition, the community boasts luxury amenities including a saltwater swimming pool, dog park, coffee & tea bar, fitness center with yoga studio, game room, and car charging stations.

The 13.1 acre community is situated in the Platinum Triangle office district that is home to 125k jobs and 4 Fortune 500 firms. "The prime location of The Metro in such a thriving economy ensured consistent occupancy of the property", said Steve Carlton, Starboard's Chief Operating Officer.

Through the sale of this multifamily property, Starboard provided a 128% return to investors and the opportunity to engage in tax-deferred 1031 exchanges.

About Starboard Realty Advisors, LLC
Starboard Realty Advisors, LLC, headquartered in Irvine, California, acquires, manages, and operates multi-family, multi-tenant retail shopping centers and QSRs. Starboard is a privately held, fully integrated real estate firm, whose principals have more than 30 years of hands-on, cycle-tested experience in acquiring, developing, leasing, repositioning, managing, financing, and disposing of retail, multifamily, office and industrial real estate during which they have developed a network of relationships with brokers, sellers, retailers, and an array of other tenants. For more information, please visit www.starboard-realty.com.

Bill Winn
(949) 420-9300
[email protected]

SOURCE Starboard Realty Advisors

These press releases may also interest you

at 06:05
Terran Orbital Corporation ("Terran Orbital" or the "Company"), a leading small satellite manufacturer primarily serving the United States aerospace and defense industry, today announced financial results and operational highlights for the three and...

at 06:00
Buzzmint, the Software as a Service (SaaS) platform that allows brands, creators, media-specific businesses and individuals to simply and quickly ideate, create and deploy utility-led NFT/token projects, has secured seed funding from a group of...

at 06:00
Today, EHE Health, the national leader in preventive care, and Cedar Gate Technologies, a leading value-based care software and technology services company, announced a strategic partnership to offer EHE's US-based clients value-based care analytics...

at 06:00
eRAD, a subsidiary of RadNet, Inc. ,  announced today that Open System Imaging, based in Palm Desert, Calif., has deployed eRAD's Radiology Information System (RIS), Patient Portal and RADAR, its secure clinical communications platform. eRAD is a...

at 06:00
AtWork, a rapidly growing national staffing franchise announced today the opening of its new office in Joplin, Missouri, extending its national reach to nearly 100 units. The location is operated by Market Manager Bahar Habibi and is located at 1202...

at 06:00
AtWork, a rapidly growing national staffing franchise announced today that they have once again been ranked as one of the largest staffing firms in the United States by Staffing Industry Analysts (SIA). The list, which has been issued annually for 27...

News published on 25 january 2022 at 12:31 and distributed by: