Georgia

Village_on_Spring_Mill

INDIANAPOLIS — Indianapolis-based investor Buckingham Cos. has received a $330 million loan to refinance seven properties in five states. The New York-based CBRE Debt & Structured Finance team of Shawn Rosenthal, Jason Gaccione, Tom Traynor, Tom Rugg, Jake Salkovitz, Henry Fenmore, Lauren Weinstein and Justin Helbling arranged the floating-rate loan funded by Goldman Sachs and Atlas SP Partners. Buckingham’s portfolio comprises 2,381 units. The firm began acquiring the properties, which were constructed between 1982 to 2021, seven years ago and has invested approximately $45 million in capital improvements since then, …

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Alliance-Residential-TheWeldon

MCDONOUGH, GA. — Alliance Residential has opened The Weldon by Broadstone, a 330-unit community in McDonough, an Atlanta suburb located about 35 miles south of downtown. The architect and interior designer on the project was Atlanta-based Dynamik Design, Planners & Engineers Collaborative+ was the project’s engineer.  The Weldon offers a selection of one- and two-bedroom units that feature full-size Samsung side-by-side washers and dryers. Amenities include a saltwater pool with in-pool chaises, outdoor lounge seating and a pergola-covered outdoor entertainment area with grilling stations. Additional amenities include a 24-hour fitness …

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Alessia-Gardens

OAKWOOD, GA. — Joint venture partners RSN Property Group and Monday Properties have acquired Audubon Crest, a 126-unit, garden-style community in Oakwood, 50 miles northeast of Atlanta. The new owners have rebranded the asset Alessia Gardens and are planning unit upgrades. The deal marks the partnership’s fourth acquisition in the past eight months. Amenities at the property include a pool, a dog park, green space and a car-washing station.

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ProspectLakeWire

EL PASO, TEXAS, AND ATLANTA — Hunt Cos. Inc., an El Paso-based holding company with a focus on real estate, infrastructure and financial services, has acquired a majority stake in Carter, an Atlanta-based real estate investment and development firm. The companies have partnered on past development projects, including Prospect Lake Wire, a mixed-use development completed in 2024 in Lakeland, Florida, and The DeSOTA, an apartment community in Sarasota, Florida, completed in 2018. With this change, Bob Peterson, long-time chief executive officer and chairman of Carter, has announced his retirement. Following …

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Portman-Fairburn

FAIRBURN, GA. — Portman has closed on a land deal in Fairburn, an Atlanta suburb, where it plans to develop a 332-unit property with retail and greenspace. The Atlanta-based development company, founded in 1957, will break ground in late July and estimates completion by June 2027. Meadow Glen Village will include a variety of home types across nine buildings, each with its own dedicated parking. It will also feature a town green for resident events as well as public use. The greenspace will be flanked by two 6,000-square-foot retail buildings that …

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RENDER-Stockbridge

STOCKBRIDGE, GA. — Crescent Communities and equity partner Phoenix Capital Management have opened RENDER Stockbridge, 297-unit community 20 miles southeast of Atlanta. CIBC Bank USA also was a financial partner. Crescent Communities Construction served as the general contractor. Dwell Design Studio is the project’s architect, with Ironwood Design Group handling landscape architecture and Thomas & Hutton conducting civil engineering. Amenities at RENDER Stockbridge include a resort-style pool, a firepit and grills, coworking spaces with private offices and conference rooms, two dog parks a fitness center, a complimentary coffee bar and …

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Waterside-at-Rice-Hope-Savannah

PORT WENTWORTH, GA. — Build-to-rent developer ARK Homes For Rent has begun leasing Waterside at Rice Hope, a newly completed community 13 miles north of Savannah, Ga. Asking rents at the 103-unit townhome community range from $1,999 to $2,024, according to the property website. Units, which vary in size, have three bedrooms and two-and-a-half bathrooms, smart home technology and attached garages. Amenities include a resort-style pool, splash park and walking trails as well as a nearby 35-acre lake with kayaking, paddleboarding and fishing. Residents also have access to a clubhouse …

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Village-at-Legacy

DECATUR, GA. — The Housing Authority of the City of Decatur (Decatur Housing) and nonprofit developer partner Preserving Affordable Housing Inc. (PAHI) completed Phase I and broke ground on Phase II of Village at Legacy on June 18. Once completed, the two-phase development will offer 132 one-, two- and three-bedroom residences across two phases and in a variety of floor plans including townhomes and apartments. The first 66 units in Phase I are being delivered under a $20.4 million construction contract with total project costs reaching $27.9 million. The second …

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Carmichael-Commons

MADISON, GA. — Woda Cooper Cos. and Parallel Housing opened Carmichael Commons in Madison on June 18. The $18.2 million, 60-unit townhome community is comprised of eight one-bedroom, 32 two-bedroom and 20 three-bedroom townhomes. Units are reserved for residents with household incomes up to 50 and 60 percent of area median income (AMI). Six units are offered at market rates without income restrictions. The developers also are underway constructing Prior Farms, an $18.5 million, 40-unit build-to-rent community on adjoining land. The two-phase project will include a new park developed by …

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HSR-Sandy-Springs

SANDY SPRINGS, GA — High Street Residential (HSR), the residential subsidiary of Trammell Crow Co. (TCC), alongside partner Third & Urban, has broken ground on Hillcrest, an 8-acre mixed-use development in the Atlanta suburb of Sandy Springs. Completion is slated for 2027. The project will include 362 apartment units, 30 for-rent townhomes, approximately 18,000 square feet of retail space and a central greenspace plaza. Hillcrest is located adjacent to the $230 million City Springs mixed-use development and is situated on land acquired from the Sandy Springs United Methodist Church, which …

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