Atlanta
Wilkinson Grabs Atlanta Multifamily Portfolio
Marquis Investments traded the three Class B communities, which total 456 units in the city’s Brookhaven submarket, for $50 million.
Praxis Expands Atlanta Presence
Crown Bay Group sold the 200-unit Flint River Apartment Homes after purchasing it in November 2016 for $8 million. This deal marks the buyer’s third acquisition in the area over the past year.
Pricier Than It Used to Be in Atlanta
The metro’s average multifamily rent surpassed the $1,200 mark this year, having gained more than $200 since the summer of 2014.
Bridge Investment Crosses Into Atlanta Suburbs
The firm purchased the 680-unit Class B community in the metro’s Cumberland/Galleria submarket from Castlegate Properties, which acquired the asset in 2016.
Pollack Shores Grabs Atlanta Asset
The seller, a joint venture between McCann Realty Partners and Admiral Capital Group, purchased the community in early 2016 for $24.8 million.
On the Market: 5 Interesting Listings for the Week of 7/30
This week’s selection includes a vintage community in Newport News, Va.; a new luxury development in Brooklyn; and more.
On the Market: 5 Interesting Listings for the Week of 7/23
This week’s listings include a spacious community in west Portland, a 196-unit community just outside of central D.C. and more.
LMC Breaks Ground on Atlanta Mixed-Use Community
The 21-story Gentry will comprise 290 units and 6,000 square feet of street-level retail. First move-ins are scheduled to begin in mid-2020.
HFF Expands Atlanta Multifamily Investment Team
Bo Moore joins the firm as a senior director, building on previous experience with ARA Newmark and Carter & Associates.
Capital One Secures $23M for Atlanta-Area Apartments
The company structured a $22.6 million Fannie Mae fixed-rate loan for The Parc at 1875, a 352-unit community in College Park, Ga.