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An unnamed 30-story, 405-unit project in Atlanta.
DevelopmentFinanceGeorgiaNewsSoutheast

Lalani Ventures, Exact Capital to Develop $160 Million Mixed-Income Community in Atlanta

by Channing Hamilton

ATLANTA — Locally based Lalani Ventures has formed a joint venture with New York City-based Exact Capital to develop a $160 million high-rise project located in the Five Points neighborhood of Atlanta. The tower will comprise 405 apartment units across 30 stories. The unit mix will include 163 affordable housing units that will be restricted to households earning at or below 60 percent of the area median income, as well as 242 market-rate apartments.  The tower will be situated within Underground Atlanta, a shopping and entertainment district in downtown Atlanta …

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Peachtree Landing in Fairburn, Georgia
GeorgiaInvestment SalesNewsSoutheast

LRE Management Acquires Three-Property Portfolio in Suburban Atlanta for $102 Million

by Channing Hamilton

ATLANTA — LRE Management has purchased a portfolio of three properties totaling 778 units in the Atlanta metro area for $102 million. The assets included in the portfolio are Eastwood Village in Stockbridge, Monterey Village in Jonesboro and Peachtree Landing in Fairburn. Amenities at each community include a pool and fitness center. The seller was not disclosed. LRE, which assumed mortgage debt in the purchase, plans to renovate select unit interiors, as well as update the amenities and implement new property management.

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DevelopmentGeorgiaLeasing & MarketingNewsPeople NewsSoutheast

Columbia Residential Selects Ken Clark as Chief Operating Officer

by Channing Hamilton

ATLANTA — Columbia Residential, an affordable housing developer and property manager based in Atlanta, has selected Ken Clark for the role of Chief Operating Officer. In this position, Clark will provide executive oversight for the financial operations of the company’s business units, including accounting, finance, human resources and corporate compliance functions. He will work out of Columbia Residential’s corporate headquarters in Atlanta. Clark is a graduate of Morehouse College and earned an MBA in Management of Technology from Georgia Tech.

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River Walk Savannah in Savannah, Georgia
BerkadiaFinanceGeorgiaNewsSoutheast

Berkadia Arranges $24.4 Million Refinancing for River Walk Savannah in Savannah, Georgia

by Channing Hamilton

SAVANNAH, GA. — Berkadia has brokered $24.4 million for the refinancing of River Walk Savannah, a 220-unit property in Savannah. Located at 101 Saint George Blvd., the garden-style community was built in 1988. The asset offers one- and two-bedroom units. Amenities include a clubhouse, gated access, pickleball courts, pet park, pool and fitness center. Mitch Sinberg, Scott Wadler, Brad Williamson, Matthew Robbins and Hugo Hernandez of Berkadia’s South Florida office arranged the financing on behalf of the sponsor, Vantage Point Acquisitions. Freddie Mac purchased the loan, which carries a five-year …

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Iris O4W in Atlanta
GeorgiaInvestment SalesNewsSoutheast

Equity Residential Purchases Iris O4W in Atlanta for $126.3 Million

by Channing Hamilton

ATLANTA — CBRE has arranged the $126.3 million sale of Iris O4W, a 320-unit community in Atlanta’s Old Fourth Ward neighborhood. Equity Residential (NYSE:EQR) purchased the property from the developer, Trammell Crow Residential, and equity partner, Diamond Realty Investments. Shea Campbell, Ashish Cholia, Kevin Geiger, Colleen Hendrix and Don Hoffman of CBRE’s Southeast Multifamily team represented the sellers in the deal. Located at 652 Angier Ave. NE, Iris O4W was built in 2023. The community offers studio, one- and two-bedroom apartments with an average size of 860 square feet. Amenities include …

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509 North Apartments in Albany, Georgia
FinanceGeorgiaNewsSoutheast

Greystone Provides $15.5 Million Refinancing for 509 North Apartments in Albany, Georgia

by Channing Hamilton

ALBANY, GA. — Greystone has provided a $15.5 million Fannie Mae loan for the refinancing of 509 North Apartments, a 252-unit community located in the South Georgia city of Albany. The non-recourse loan was underwritten with a fixed interest rate, seven-year term and 30-year amortization schedule. The borrower was not disclosed. Rob Meehan and Avrom Forman of Greystone originated the financing, with Yehuda Heller of Seven Stone Capital acting as correspondent. 509 North Apartments was constructed in 1987. The garden-style community consists of 14 buildings. Units come in one- and …

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Georgetown Crossing in Savannah, Georgia
GeorgiaInvestment SalesNewsSoutheast

Peach Hill Capital, RK2 Property Group Acquire Georgetown Crossing in Savannah, Georgia for $25.6 Million

by Channing Hamilton

SAVANNAH, GA. — A joint venture between Peach Hill Capital and RK2 Property Group has acquired Georgetown Crossing, a 168-unit community in the Georgetown neighborhood of Savannah. The asset traded hands in an off-market transaction for $25.6 million. Mark Boyce and Blake Coffey of Berkadia represented the undisclosed seller in the deal. Georgetown Crossing was built in 1994. Located at 1015 King George Boulevard, the property comprises seven three-story residential buildings surrounding a clubhouse and a pool. Units come in one- and two-bedroom layouts. Other amenities include a series of …

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DevelopmentGeorgiaNewsSoutheast

Thompson Thrift to Develop 212-Unit The Levi in Atlanta Suburb

by Channing Hamilton

STOCKBRIDGE, GA. — Thompson Thrift has unveiled plans to develop The Levi, a 212-unit community located at 2245 Jodeco Road in the southeast Atlanta suburb of Stockbridge. The Levi will offer one-, two- and three-bedroom apartments averaging 1,100 square feet in size. Amenities will include a fitness center, pool, outdoor grills, work suites, a pickleball court, dog park, pet spa and a Starbucks coffee bar. The Levi will be situated within the 158-acre master-planned Bridges at Jodeco development. A construction timeline was not disclosed.

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Pointe Grande Dawsonville in Dawsonville, Georgia
FinanceGeorgiaNewsSoutheast

KeyBank Provides $42.9 Million Agency Refinancing for Pointe Grande Dawsonville in Atlanta Suburb

by Channing Hamilton

DAWSONVILLE, GA. — KeyBank Real Estate Capital has provided a $42.9 million Fannie Mae loan for the refinancing of Pointe Grande Dawsonville, a 300-unit asset in the Atlanta suburb of Dawsonville. Justin Ownby and Patrick Fitzgerald of KeyBank’s Commercial Mortgage Group originated the financing on behalf of the borrower, Central Florida-based Hillpointe. Pointe Grande Dawsonville was built between 2022 and 2023. The garden-style community comprises 12 three-story buildings on a 23.5-acre site. Amenities include a fitness center, pool with private cabanas, 24-hour conference and business center, Starbucks coffee and tea …

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Affordable HousingDevelopmentFinanceGeorgiaNewsSoutheast

Atlanta BeltLine, Invest Atlanta Approve $172 Million Budget for Affordable Housing Development, Trail Construction

by Channing Hamilton

ATLANTA — The board of directors of Atlanta BeltLine Inc. and Invest Atlanta have approved the Atlanta BeltLine budget for the 2025 fiscal year. The budget totals $172 million, a 12 percent increase over the 2024 budget. The funding will be directed toward a goal set in 2005 to develop 5,600 units of affordable housing in Atlanta by 2030.  The new funding will help The BeltLine to develop more affordable housing than originally set out by the 2005 BeltLine Redevelopment Plan, which is notable since development costs have risen significantly …

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