Multifamily news in Atlanta
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Multifamily Atlanta Report – Winter 2019
The 20,000 units delivered since the start of 2017 are quickly being absorbed, with occupancy in stabilized assets climbing to 94.4 percent in October.
11 February 2019 13:39 -
Cortland Adds 319-Unit Community to Atlanta Portfolio
The company increased its multifamily footprint in the city to more than 11,000 apartments with the acquisition of Doman at Phipps, a Class A rental property in the Buckhead neighborhood.
06 February 2019 13:42 -
Trinity Real Estate Sells Atlanta-Area Community
The buyer paid $11 million for the 352-unit Class C asset, with Arbor Realty Trust providing $12.5 million in acquisition and development financing.
05 February 2019 08:03 -
Suburban Atlanta Community Changes Hands
Bell Partners has expanded its multifamily portfolio in Georgia to nine assets by acquiring a 24-building property located in Kennesaw.
04 February 2019 09:26 -
TruAmerica Expands in Georgia
The company teamed with Tokyu Land US Corp. to acquire two Atlanta communities in separate transactions totaling $127.35 million.
25 January 2019 10:43 -
Industry Executives Launch New Multifamily Platform
Brian Metzler and Graham Carpenter have created PENLER, an investment firm that has committed enough capital to complete more than $800 million in development and acquisitions.
25 January 2019 09:14 -
Latch’s Smart Access Devices Expand Footprint
By mid-2019, UPS drivers in 10 additional cities will be able to enter multifamily communities and drop off packages in lobbies or package rooms.
24 January 2019 08:23 -
Fogelman JV Acquires Atlanta Apartments for $45M
The 334-unit garden-style community last changed hands in August 2016, when Mesa Capital Partners sold the asset for more than $29 million.
16 January 2019 17:54 -
Suburban Atlanta Property Receives $20M Financing
Pembrook Capital Management closed on the loan package, which will help preserve the affordability of all 294 units at Shannon Lake Apartments.
08 January 2019 16:32 -
Southern Portfolio Secures $11M Financing
The communities, totaling 280 units in Oklahoma, Tennessee and Georgia, received Freddie Mac and Fannie Mae funding through Arbor Realty Trust.
08 January 2019 15:43 -
TWG Development Purchases Atlanta Apartments for $29M
Merchants Bank of Indiana provided the buyer with nearly $30 million in acquisition and development financing. The short-term bridge loan matures in June.
08 January 2019 09:19 -
Terwilliger Pappas Sells Atlanta Asset for $75M
The 303-unit luxury community welcomed its first residents in 2018. The developer financed construction of the property with more than $40 million from Synovus Bank.
07 January 2019 14:40 -
Berkshire Property Holdings Adds GA, Texas Assets
The investment firm acquired two multifamily communities totaling a combined 631 units in College Park, Ga., and El Paso, Texas.
02 January 2019 14:27 -
Upscale Atlanta Senior Housing Project Receives Financing
SunTrust Bank provided $86 million in financing for a new luxury senior housing property that is being developed by Village Park Senior Living.
20 December 2018 20:01 -
Greystar Acquires Atlanta Community for $60M
Balfour Beatty earned a 30 percent return on the 437-unit multifamily asset, which it purchased from Resource Real Estate in 2016.
13 December 2018 12:47