Home Invest Acquires 1,000 Units in Suburban Atlanta
Prior to the sale, the buyer assumed day-to-day operations at the community.
Home Invest has closed on the acquisition of East Ponce Village, a 997-unit multifamily community in Stone Mountain, Ga. According to the buyer, it’s the largest deal in the firm’s history, despite its purchase at a substantial discount. A price was not disclosed.
In 2021, East Ponce Village traded for $75 million when Emerald Equity Group sold it to Adams Investor Group, according to Yardi Matrix data. The community, located at 1310 Wood Bend Dr., was originally developed in 1987, in response to a period of robust growth for the Atlanta suburb in the 1970s and early ’80s.
East Ponce Village is currently 69.2 percent occupied, according to the same source. Ahead of the closing, Home Invest took the unusual step of assuming day-to-day operations of the community, carried out by a full property management and maintenance staff, with the goal of getting a running start on its revitalization. The staff has started work on restoring community amenities, and begun renovating and re-leasing units.
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The new owner says it will continue executing its turnaround plan, which includes capital improvements to restore occupancy and stabilize the community. The plan will also bring on-site philanthropic community events to residents, including holiday fundraisers, community gatherings and programs for children.
The community features two swimming pools, a fitness center and a clubhouse. The asset offers one- and two-bedroom units with interiors including fireplaces, vaulted ceilings, and private entries. They average 894 square feet and rent for an average of $1,212 a month, Yardi Matrix reports.
Atlanta multifamily investment slows, but remains strong
Investment activity in Atlanta multifamily remained robust in the first quarter 2026, with sales reaching $672 million through March, $403 million of which were in suburban submarkets, Yardi Matrix reports. Sales volume for this period was 17.8 percent lower than the first quarter of 2025.
Even so, deals are getting done. In August, PXV Multifamily and Pamera North America formed a joint venture for the $29.5 million purchase of the 216-unit Village on the Green in Atlanta. The investment is PXV’s first in the Atlanta market.
That same month, Saratoga Capital Partners paid $98.4 million for Generation Atlanta, a 336-unit luxury community in downtown Atlanta, and CP Capital purchased Ascent Athens, a 200-unit garden-style community in exurban Athens, Ga., from Hilltop Residential.
