The seller, Hudson Capital Properties, acquired the property for $68.2 million in 2016.
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Category: Cumberland
400-unit Magnolia Vinings complex changes hands
Financial details of the transaction were not disclosed, but Mesa West Capital provided a $92.5 million bridge-financing loan to the acquirer.
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Cumberland apartments sell for $54.6 million
The seller purchased the community in 2018 for $38 million, according to Cobb County tax records.
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Real estate fund acquires 610-unit Cumberland apartment community
The property, Westhaven at Vinings, was developed in three phases from 1985 to 1989 and includes a mix of one-, two- and three-bedroom units in a variety of layouts. Existing amenities include four swimming pools, two clubhouses, tennis courts and a dog park.
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Cumberland active-adult community opens
Floorplans of the rental units, which go for $1,600 for a one-bedroom residence to $2,100 for a two-bedroom apartment, feature high-end designer finishes and features.
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Joint venture acquires 284-apartment community in Cumberland/Galleria
The complex sits on approximately 5.6 acres and consists of two five-story, elevator-served buildings with a 514-space parking deck between the buildings.
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