Greystone Brown Real Estate Advisors Closes $44.2 Million Sale of Affordable Housing Property in Marietta, Georgia
Wednesday, June 16th, 2021
Located in Cobb County, The Life at West Cobb Apartments is situated at 2665 Favor Road. The multifamily asset consists of 395 units and is a 90% Low Income Housing Tax Credit property in a highly desirable area of North Atlanta.
“We have built a wonderful partnership with Olive Tree Holdings, and are appreciative that they have placed their trust in us to work on more than ten dispositions,” said Taylor Brown, Director at Greystone Brown Real Estate Advisors. “This asset in particular faced some challenges during the pandemic, including a lower occupancy and disruption in collections, but it’s a quality property in a fantastic location, so it commanded a strong purchase price.”


