Exclusive: LivCor Sells 2 in Atlanta for $84M
Bedford Affordable Housing Foundation acquired the properties.
LivCor has sold two communities totaling 470 units in Lithia Springs, Ga., according to Yardi Matrix information. Bedford Affordable Housing Foundation acquired the properties for $83.7 million.
In conjunction with the sale, the Housing Authority of Douglas County originated an $86 million bonds financing package enhanced by Fannie Mae. CBRE Capital Markets also issued a $2 million acquisition and development loan held by the same GSA.
The traded assets include the 240-unit Sweetwater Creek and the 230-unit Villas at West Ridge, two communities located 5 miles from one another. LivCor had purchased them in 2019 and 2021, respectively, from InterCapital Group.
READ ALSO: Why Preserving Rural Affordable Housing Is a Race Against Time
Located at 1100 Preston Landing Circle, the first community occupies a 32-acre lot close to Georgia State Route 6 and the 2,549-acre Sweetwater Creek State Park. Downtown Atlanta is some 16 miles east.
Sweetwater Creek includes 10 buildings that were completed in 2003. The unit mix features one- to three-bedroom floorplans with an average size of 1,131 square feet. Amenities comprise a swimming pool, business center, fitness center, clubhouse with coffee bar, lounge, pet park and car care center. The property also features 300 parking spots and detached garages.
Villas at West Ridge occupies roughly 36 acres at 7850 Lee Road, close to Exit 41 on Interstate 20. Douglasville, Ga., is nearly 7 miles away, while Hartsfield-Jackson Atlanta International Airport is 22 miles southeast.
Completed in 2002, the community includes nine buildings with one- to three-bedroom floorplans averaging 1,163 square feet. Common-area amenities include a fitness center, clubhouse, cyber café, dog park, car care center, outdoor dining space with barbecue grilling stations and roughly 500 parking spots.
Mixed performance for Atlanta multifamily sector
Atlanta’s multifamily sector witnessed mixed fundamentals at the end of the first half of 2026, according to a recent Yardi Matrix report. Rent performance kept steady but remained subdued as the metro is still absorbing the recent multifamily deliveries wave.
Developers added 2,814 units year-to-date as of June, representing 0.5 percent of stock, below the U.S. rate. Atlanta’s pipeline is expected to continue its downward trend following the 2024 peak, bringing the metro closer to its pre-pandemic construction pace.
Meanwhile, investor activity softened, with $1.5 billion in multifamily transaction volume recorded during the first two quarters of 2026. The amount is notably smaller than the $4.6 billion recorded during the same period of last year.
Suburban areas captured $1.1 billion—or 72 percent—of the metro’s total dollar volume. Roswell–Alpharetta topped the charts for submarket investment activity, with sales totaling $298 million, followed closely by Lithia Springs at $290 million.
The sale of East Ponce Village in Stone Mountain, Ga., is among the more recent transactions. Home Invest bought the community that totals nearly 1,000 units, marking the largest deal in its history.
