Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
NEW YORK, March 29, 2017 -- Greystone Brown Real Estate Advisors today announced it has closed on the sale of Chalet Valley, a 140-unit apartment community, for $6,115,000. Located in Dalton, GA, the asset was sold by Augsburg Investments, LLC to Dalton Valley, LLC. Taylor Brown, Walter Miller, Chandler Brown, and Bo Brown of Greystone Brown Real Estate Advisors represented the seller in the transaction.
Chalet Valley is a Class B+ garden-style apartment complex offering 1-, 2-, and 3-bedroom apartments as well as a number of amenities including a swimming pool, laundry and large pet park. The buyer plans to invest approximately $10,000 per unit in renovations.
“For multifamily investors, the lack of supply has been very apparent in the Dalton market, so this transaction marks a wonderful opportunity for the buyer,” said Bo Brown, President, Greystone Brown Real Estate Advisors. “Chalet Valley is a solid investment with its unique amenities and proximity to the Appalachian trail and Blue Ridge Mountains.”
About Greystone Brown Real Estate Advisors
In 2016, Greystone, a real estate lending, investment and advisory company, and Brown Realty Advisors created a joint venture combining Greystone’s comprehensive financial platform and Brown Realty’s sales expertise in multifamily and retail properties throughout the Southeast. In 2015, Brown Realty was #1 for sales of multifamily assets larger than 85 units built previous to 1995. Established in 1975, Brown Realty is one of the largest and oldest privately-held apartment brokerage firms in the South having closed more than $5 billion in acquisitions and dispositions.
PRESS CONTACT: Karen Marotta Greystone 212-896-9149 [email protected]
