PWA Properties is pleased to announce the successful off-market sale of Glen Ridge Townhomes, a 48-unit townhouse community located in Chattanooga, Tennessee. The $7,140,000 sale was brokered by PWA Properties’ Multifamily Team, Cohl Morgan and Kevin Tipton.
By leveraging their market relationships and targeted off-market approach, Morgan and Tipton successfully connected the buyer and seller, creating a transaction that met the goals of both parties.
In addition to securing a successful sale, the team guided the seller through a seamless 1031 exchange, helping position the transaction to meet critical timing requirements and preserve the seller’s ability to defer capital gains taxes while transitioning into a replacement investment property.
The sale of Glen Ridge Townhomes further reflects PWA Properties’ expertise in multifamily investment sales throughout Tennessee and the Southeast. By combining local market knowledge with creative transaction strategies, the team continues to deliver tailored solutions that help clients maximize value and accomplish their investment objectives.