Atlas REA Brokers the Largest 2021 Clarke County Sale
On September 8th, 2021, Matt Thomas,
President of Atlas Real Estate Advisors, brokered the sale of 106 units at The Preserve Condominiums to TBR Preserve Owner LLC of Atlanta for a total sales price of $22,700,000.
The Preserve was initially developed in 2006 as a for-sale product targeting owner-occupants; but the housing collapse shifted the course of the project. Thomas represented an investor who purchased the asset in 2010 with the intent of repositioning the property as an upscale rental community. Over the next 10+ years, he proved to be indispensable to the property and ownership, assisting with every step of repositioning and stabilizing the asset.
“Matt found the opportunity for us, introduced us to the best local contacts to assist with complex legal and title issues, leased and managed the asset, served on the HOA board for us and ultimately found a buyer for us. The Atlas team has truly represented my best interest throughout the entire cycle.” said one of the owners.
The $22,700,000 total sales price represents the largest transaction year-to-date in Clarke County for 2021 according to the Athens Clarke County Board of Tax Assessors website.
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