Transactions

BelAire Apartments is a 188-unit garden-style rental community located on Powder Springs Street in Cobb County. The property comprises 20 two-story buildings constructed in 1985, and features shared amenities such as a business center; swimming pool; fitness center; dog park; outdoor grilling and fireplace spaces; and laundry facility. The buyer plans to renovate the property during the term of the bridge loan and pursue a permanent exit with a Fannie Mae loan.