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Cushman & Wakefield, Greystone Close $28.2 Million Sale, Financing for Tuscaloosa Multifamily Asset

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-- Cushman & Wakefield (CWK) and Greystone said Wednesday they closed the sale and arranged $28.22 million in Freddie Mac financing for the acquisition of Landmark Apartments, a 264-unit multifamily property in Tuscaloosa, Alabama.

The garden-style community was financed through a five-year loan with a 30-year amortization schedule, which includes an initial interest-only period before principal repayment begins, they added.

Shares of Cushman & Wakefield were down 3.7% in Wednesday trading.

Price: $13.96, Change: $-0.55, Percent Change: -3.76%

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