Regions Southeast
Grubb & Ellis Acquires The Retreat at Peachtree City
Sept 4, 2008

Grubb & Ellis Realty Investors L.L.C. has acquired The Retreat at Peachtree City, a 312-unit multifamily community in the Atlanta suburb of Peachtree City, on behalf of tenant-in-common investors. Situated on nearly 26 acres, the approximately 306,000-square-foot property consists of 15 residential buildings and a separate building that houses the clubhouse and leasing center. Built in 1998, the property features many amenities, including a swimming pool, lighted tennis court, fitness center, storage units, executive business center and direct access to a 90-mile walking and golf cart trail. Grubb & Ellis purchased The Retreat at Peachtree City from a joint venture between AMLI Residential and Prudential, which was represented by Engler Financial Group. Financing was provided by Teacher's Insurance and Annuity Association, arranged by Capstone Realty Advisors.

 
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