Magnolia Preserve (Multifamily Apartment Community)
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Cushman & Wakefield and Greystone Close Sale and Financing of Multifamily Acquisition in Alabama
Globenewswire· 2025-11-18 15:00
Core Insights - Greystone, in partnership with Cushman & Wakefield, provided acquisition financing for the 173-unit Magnolia Preserve in Dothan, Alabama, with a loan amount of $22,311,000 from Fannie Mae DUS® [1] - Magnolia Preserve is a modern garden-style apartment community built in 2014, featuring over 191,000 square feet of rentable space and various amenities [2] - The property serves a demographic that includes many healthcare professionals, supported by the presence of two major medical centers in the area [2] Company Overview - Greystone is a national commercial real estate finance company recognized as a leader in multifamily and healthcare finance, ranking as a top lender for FHA, Fannie Mae, and Freddie Mac [4] - Cushman & Wakefield is a global commercial real estate services firm with approximately 52,000 employees and reported revenue of $9.4 billion in 2024 across its core services [5]