Related, Rockpoint Cash In $110M on Atlanta-Area Asset
The suburban property came online in 2023.
A joint venture between Related and Rockpoint has sold Timberline View, formerly Town Laurel Crossing, Yardi Matrix data shows. DBG Properties and GSL Properties paid $110 million for the 360-unit asset in Buford, Ga., a suburb of Atlanta. Walker & Dunlop issued a $70.4 million Freddie Mac acquisition loan. The brokerage firm also advised on the sale, according to sources close to the deal.
Related and Rockpoint brought the community online in 2023, after securing a $55.2 million construction loan from Wells Fargo two years prior, the data provider reveals.
Timberline View features 14 three- and four-story buildings encompassing one- to three-bedroom floorplans that average 1,013 square feet. Community amenities include a clubhouse, coworking space, game lounge, swimming pool and gym, among others.
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Located on more than 16 acres at 1520 Laurel Crossing Parkway NE, the property is roughly 35 miles northeast of downtown Atlanta. Interstate 85 runs less than 1 mile away, while a shopping center spanning more than 2.1 million square feet is within 2 miles.
Related and Rockpoint’s collaborative efforts stretch back to 2018, when the duo launched a $2 billion joint venture to focus on value-add acquisitions in Florida and throughout the Sun Belt.
The venture also set its eyes on development activities. In 2021, it broke ground on Town Deer Valley, a 388-unit property in Phoenix. Earlier this year, Related and Rockpoint sold that property. Goodman Real Estate paid $131.1 million for the asset, according to Yardi Matrix data.
Atlanta multifamily investment sees slight setback
Metro Atlanta’s multifamily transaction volume clocked in at nearly $2.2 billion during the first eight months of 2025, marking a slight 14.8 percent decline year-over-year, the data provider shows.
The average sale price per unit stood at $165,331 year-to-date through August, lower than the $183,447 registered during the same period last year, according to the same source. This discrepancy occurred as investors focused on more value-add plays this year, nearly doubling the number of upper workforce properties that traded compared to 2024.
Another deal closed across the market earlier this year when Marcus Partners and RPM Investments acquired The Heights at Shadowood, a 287-unit asset in Cumberland, Ga. The Worthing Cos. sold the community.
