Atlanta
BRG Acquires $36M Alabama Community
Bluerock Residential Growth REIT Inc. bought a studio, one-, two- and three-bedroom apartment unit. Springs at Greystone is situated in the top-tier suburban district in Birmingham, Ala. The firm plans to renovate the 300-unit building.
$58M Financing Earmarked for Atlanta Portfolio Acquisition
George Smith Partners secured the financing for the 680-unit workforce housing portfolio. The two buildings will undergo a $5.5 million renovation.
Westdale, StreetLights Launch 1st Atlanta Development
Aria Village will include a five-story residential community called The Alastair, along with 30,000 square feet of retail and restaurants.
PAC Invests in 792-Bed Atlanta Asset
Stadium Village had an average rental rate of $2,776 per unit as of September. Preferred Campus Management will manage the business and operations for the joint venture.
TerraCap Buys Suburban ATL Portfolio for $116M
The 1,100-unit portfolio is comprised of four assets situated in Atlanta’s northern suburbs. CBRE facilitated TerraCap’s acquisition by arranging a four-year loan provided by Principal Real Estate Investors.
Comunidad Realty Buys $55M Atlanta Assets
The two Norcross communities total 687 units and are located near the I-85 corridor. Both assets were subject to permanent Fannie Mae loans.
CBRE Arranges Sale of Suburban Atlanta Community
Laurel Hills Preserve is located at 1955 N.E. Bells Ferry Road, in Marietta, Ga. The property is currently 98.3 percent occupied and is situated near two interstates.
Audubon Redevelops, Sells 3 Atlanta Properties
The company invested nearly $23 million in upgrades to the properties and sold the portfolio for $77 million. Cushman & Wakefield represented Audubon in the transaction.
Origin Buys Upscale Community in Atlanta
The apartment community is located in Atlanta’s busy Poncey-Highland neighborhood and features 20,000 square feet of ground-floor retail. The company plans to add more units and an office, on the adjacent land parcel.
Maryland Investor Acquires Atlanta Apartments
Preferred Apartment Communities has secured Aldridge at Town Village, a 300-unit community in Marietta, Ga., that was built in 2016.