BETHESDA, Md., Sept. 19, 2018 /PRNewswire/ -- Walker &
Dunlop, Inc. announced today that it closed the investment sale of
Azure on the Park, a 25-story, 329-unit, LEED Gold
Certified, Class A multifamily community. The property is located
in Atlanta, Georgia, where the
Walker & Dunlop Investment Sales team has closed over
$2.4 billion in sales over the last
34 months.
Delivered in 2016, the high-rise property overlooks Piedmont
Park, a 189-acre center for culture and recreation in Midtown. This
central location provides Azure's residents with unobstructed views
of the Atlanta skyline – from
Buckhead to downtown – as well as
access to over 150 restaurants, world-class art exhibitions,
high-end retail, and the transformative Atlanta Beltline trail. The
city's diverse employer base of Fortune-500 corporations,
world-class centers of education and healthcare, and innovative
technology startups are also just steps away from the property.
The Walker & Dunlop Investment Sales team, led by
Kris Mikkelsen, Telly Fathaly, and
Greg Engler, represented Atlantic
Realty Partners and J.P. Morgan Asset Management in the sale of the
asset to American Realty Advisors. Mr. Mikkelsen remarked,
"Atlantic Realty Partners and J.P. Morgan set the standard in the
Southeast by delivering a core quality product in an irreplaceable
location. Azure represents a truly differentiated product that will
stand the test of time in the most dynamic submarket in the
Southeast."
Richard Aaronson with Atlantic
Realty Partners commented, "This project represents the culmination
of our team's work to create a world-class multifamily community in
the heart of Atlanta's most
sought-after submarket. We as well as our partners at J.P. Morgan
were very confident in the team at Walker & Dunlop, and their
ability to effectively present this unique opportunity to a
high-quality set of institutional investors."
Situated in the heart of Midtown, Azure enjoys direct access to
the area's booming employment market and Atlanta's continued transformation into a
global hub of commerce, education, and the arts. Accentuating
Azure's unparalleled location are the quality of both the interior
and community amenities. Units feature 9-foot ceilings, floor to
ceiling windows, luxury finishes, and state of the art technology.
Amenities include a clear-edged, rooftop, saline pool overlooking
Piedmont Park, as well as several other spectacular community
spaces that feature the city views.
Walker & Dunlop Investment Sales is a leader in the
multifamily brokerage space, growing its yearly volume by 45
percent from 2016 to 2017, outpacing the broader multifamily
investment sales market. In 2018, the team also expanded its
footprint to several new markets, including New England,
California, and Texas. To learn more about Walker & Dunlop
Investment Sales and our available properties, visit our website
and YouTube channel.
About Walker & Dunlop
Walker & Dunlop
(NYSE: WD), headquartered in Bethesda,
Maryland, is one of the largest commercial real estate
services and finance companies in the
United States providing financing and investment
sales to owners of multifamily and commercial properties.
Walker & Dunlop, which is included in the S&P SmallCap 600
Index, has over 600 professionals in 28 offices across the nation
with an unyielding commitment to client satisfaction.
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SOURCE Walker & Dunlop, Inc.