Multifamily news in Atlanta

Greystone Brown Closes Sale of Atlanta Community
The team of Barden Brown, Chandler Brown and Cory Caroline Sams worked on behalf of seller Alexander Properties Group in the $49 million transaction.
Market Rate
LMC Breaks Ground on Luxury Apartments in Midtown Atlanta
The 27-story apartment community known as Vireo is located at 195 N.E. 13th St. and initial move-ins are anticipated for spring 2019.
Luxury
PRP Sells Class A Property for $44M in Atlanta
Perseus Realty Partners completed the disposition of Ansley at Princeton Lakes, selling it for $43,5 million. The property is ten minutes away from Hartsfield-Jackson International Airport.
Luxury

  • Peak Campus Appoints New Regional VP

    The company has chosen Tami Finan as the newest member of its operations team, where she will oversee a portfolio of more than 25 student housing assets.

    13 September 2017 09:54

  • Atlanta-Area Community Trades in $47M Deal

    The Reserve at Johns Creek Walk centers on a divided median boulevard, designed to evoke an old downtown with 20th century-style architecture.

    12 September 2017 12:39

  • TSB Capital Cinches Timely Loan for GA Student Housing

    Located adjacent to the University of Georgia, The Mark Athens is a 300-unit, 928-bed community that offers a mix of units ranging from studio to five-bedroom.

    06 September 2017 22:21

  • Napali Acquires 2nd GA Community

    The company purchased Forest Park Manor, a 100-unit property in Forest Park, and plans to rebrand it as Residences at Stonebrook.

    05 September 2017 16:10

  • Dougherty Secures $13M Fannie Mae Loan for GA Asset

    The financing will be used for the acquisition and rehabilitation of Riverstock Apartments, a 172-unit affordable housing property in Woodstock.

    05 September 2017 12:21

  • Q&A with Norman Radow, CEO at RADCO

    Specializing in turning around “diamonds in the rough,” the RADCO founder discusses why Atlanta’s broad-based job and population growth are fostering demand for multifamily assets.

    04 September 2017 16:05

  • Praxis Lands 1st Atlanta Asset

    The San Francisco-based company entered acquired the 198-unit Birch Run Apartments in Clarkston, Ga. The property will soon undergo a $3 million renovation process.

    23 August 2017 22:53

  • PPD Holdings Eyes $111M to Build, Refi

    The company received $47 million to refinance a pair of Greater Atlanta communities and awaits final approval of $64 million in construction financing for 464 units in Florida.

    18 August 2017 13:21

  • RADCO Expands GA Footprint With 38th Acquisition

    The Atlanta-based developer acquired Ashford 6860, a 260-unit property in Norcross. The $22 million deal marks the company’s eighth purchase in the Gwinnett County submarket.

    18 August 2017 11:26

  • Investment Strategies: Real Estate Gets Hyperlocal

    Real estate is moving from local to hyperlocal as big names in the industry team up with local investors and brokers for their sales expertise. Leadkit’s JJ Imbeaux discusses the trend of “small batch” and “craft” culture and what it means for the real estate industry.

    16 August 2017 14:48

  • RADCO Acquires $41M GA Property

    Called Indian Trail Apartment Homes, the community is a 467-unit, Class B property in Norcross, Ga. The company plans a $10 million renovation.

    10 August 2017 16:20

  • Greystone Taps New Atlanta Managing Director

    Michael Doran, a 20-year commercial real estate veteran, will now focus on originating mid- to large-size transactions for permanent, bridge and construction multifamily debt.

    08 August 2017 08:36

  • Covenant Sells 272-Unit Atlanta Asset for $32M

    The deal continues the Atlanta market momentum for Covenant Capital Group, following the company’s sale of the 500-unit Viera Briarcliff in June for $76 million. Mike Kemether and Travis Presnell of Cushman & Wakefield worked on behalf of StoneBridge Investments, the seller, while Elliott Throne, Gregg Shapiro and Ware Shipman of HFF secured acquisition financing.

    03 August 2017 18:22

  • PAC to Invest $18M in Atlanta Development

    Preferred Apartment Communities also has the option to purchase the 258-unit property in Lindbergh at a discounted price, following the asset's stabilization.

    03 August 2017 13:42

  • ARA Newmark Brokers 882-Unit Atlanta Community Sale

    Managing Director Chad DeFoor represented the sellers of the three-building portfolio, affiliates of Oz Real Estate and CF Real Estate Services. The buyer was Balfour Beatty Communities.

    01 August 2017 15:43