Gables Great Hills has been sold by Gables Residential to Greystar Real Estate in South Carolina.
Built in 1993, Gables Great Hills has a unit mix of one and two-bedroom apartments.
Patton Jones, who helped broker the deal, said "Mid-1990s construction is popular with multifamily investors due to the ease at which you can upgrade this property type and seek increased rents."
Gables Great Hills is located at 11266 Taylor Draper Ln. in the Arboretum area.
It will be interesting to see if they can really raise rents in this environment.
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