FriedLam Partners Acquires 6 Southeast Properties

Cushman & Wakefield represented the two sellers whose combined portfolio in Georgia and North Carolina totaled 872 units.

FriedLam Partners has entered the Atlanta multifamily market in its latest acquisition of six properties in the southeastern U.S. The firm paid $85.2 million for a portfolio of 872 units spread throughout three properties in Atlanta and three properties in North Carolina.

The North Carolina portfolio, which was owned by JEM Holdings, includes 59Twenty @ Monroe, a 192-unit community in Charlotte; Two20 @ Branchview, a 196-unit in Charlotte; and Enclave @ Crabtree, a 176-unit in Raleigh. According to Yardi Matrix data, all three properties are more than 90 percent occupied. JEM Holdings was represented by Cushman & Wakefield’s Watson Bryant and Paul Marley.