Admiral Capital and Wood Partners Complete Successful Sale of 3833 Peachtree in Atlanta

NEW YORK–(BUSINESS WIRE)–Admiral Capital Group and Wood Partners announced today that they
successfully completed the sale of 3833 Peachtree, a 222-unit
multifamily property located in Atlanta, on May 23, 2016.

Admiral Capital and Wood Partners, as a joint venture, originally
acquired 209 of the 240 units in the broken condominium conversion
project in 2012. The investment provided an opportunity to acquire a
well-located asset in need of value-add capital at a discount to
replacement cost.

During its ownership, Admiral repositioned the property to enhance its
appeal

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