Harbert United States Real Estate Fund V sells Forest Hills at Vinings

Harbert United States Real Estate Fund V L.P. (HUSREF V), in conjunction with Audubon Communities, recently sold Forest Hills at Vinings, a 302-unit, Class B+ multifamily asset located in the Vinings submarket of Atlanta. Shea Campbell, senior vice president at CBRE, represented HUSREF V and Audubon in the sale to Sunbelt Residential. Acquired in October 2014, the HUSREF V and Audubon implemented a major interior and exterior value-add renovation program to upgrade and reposition the asset at an attractive rent relative [...]