Atlanta
5 Cap Launches Investment Program with $60M Buy
The acquisitions are in line with the new national investment venture’s strategy to pump more than $1 billion into assets under management, focusing on purchasing and operating value-add residential properties.
Renters Are Choosing the Suburbs in Greater Numbers than Cities; Atlanta Metro in the Lead
Greater Atlanta leads the nation with a 26 percent increase in renter-occupied households in its suburban markets versus only 10 percent in its urban areas.
Equus Capital Partners Snags 500-Unit Atlanta Property
The company acquired Viera Briarcliff, a 500-unit garden-style apartment community in the coveted Druid Hills neighborhood on the east side of the city.
Atlanta Communities Score $24M Financing
The Marquis Brookhaven Portfolio consists of two multifamily communities totaling 344 units. The borrower will be using the loan to refinance one property and purchase the other.
Robbins Electra Nabs New Executive VP for South Atlantic States
With more than 20 years of experience under her belt, Grosse has received substantial recognition for her expertise throughout her career, including Manager of the Year, Best Overall NOI Growth and Achieved Accredited Resident Manager (ARM) IREM.
Related Development Tops Off Atlanta Luxury Tower
The company’s first project in Georgia’s capital city will offer 390 units and a Whole Foods Market. The apartments are set for completion in January 2018.
Cortland Partners Continues Unique Business Model
The company is creating new positions that are not typically found in the multifamily industry, demonstrating the firm’s unique approach to ownership and management of multifamily real estate.
Olympus Grows Southeast Footprint with GA Purchase
The asset is located in the highly sought-after Savannah Quarters submarket, offering access to retail, shopping and dining, as well as proximity to employers to employers such as Gulfstream Aerospace Corp..
Cousins Continues $300M Disposition Plan with Atlanta Sale
The company teamed up with Gables Residential to acquire Emory Point I and II, which they now sold for $199 million. The 750-unit community also includes 125,000 square feet of first-floor retail space.
Audubon Communities Brings Market-Rate Apartments in Athens, GA
The company’s $11 million expansion of its exiting property, Westpark Club, will add 108 units and is set for completion during the following year. The development marks the first market-rate apartment community in the Athens area since 2007.