ROSWELL, GA. — Berkadia has brokered the $70.5 million sale of Grace Apartment Homes Roswell, a 396-unit multifamily property in the northern Atlanta suburb of Roswell. Andrew Mays, Paul Vetter, Matt White, Judy MacManus and Ian Shaw of Berkadia represented the seller, MSC Investment, in the deal. RH Investment Management purchased the property. Grace Apartment Homes Roswell offers one-, two- and three-bedroom units. Amenities include a pool, fitness center, clubhouse and a business center.
DULUTH, GA. — Cushman & Wakefield has arranged the sale of SODO Duluth, a 257-unit community in the Atlanta suburb of Duluth. The Residential Group and PointOne Holdings sold the property to Weinstein Properties for an undisclosed price. Robert Stickel, Alex Brown, Ashlyn Warren and Michael Kay of Cushman & Wakefield represented the sellers in the deal. SODO Duluth was recently built earlier this year. According to the property website, units come in studio, one- and two-bedroom floor plans. Amenities include a clubhouse, fitness center, pool, dog park, barbeque and picnic area, …
VININGS, GA. — GID has acquired ARIUM Vinings Station, a 315-unit community in the Atlanta suburb of Vinings, for an undisclosed price. The garden-style community offers amenities such as a dog park, pool, fitness center, grilling areas, clubhouse, tennis court and business center. GID plans to renovate sixty percent of units with modern finishes and update the fitness center, pool, tennis court, dog park and leasing center. The property will be rebranded as “Windsor Vinings.”
ATLANTA — Equus Capital Partners Ltd. (Equus Capital) has sold Madison Druid Hills, a 500-unit garden-style community in Atlanta’s Druid Hills neighborhood. The company sold the asset on behalf of its Equus Investment Partnership X LP investment vehicle. David Gutting of Newmark represented Equus Capital in the deal. The buyer was not disclosed. Since its acquisition of Madison Druid Hills in 2017, Equus Capital completed a multimillion-dollar capital improvement program that included new roofs, exterior paint, clubhouse renovations, the addition of a dog park and green upgrades, including water efficient …
DORAVILLE, GA. — Rangewater Real Estate will break ground on Camino, a 304-unit community in Doraville, 15 miles northeast of Atlanta. The development will feature micro, studio, one-, two- and three-bedroom apartments ranging from 474 to 1,411 square feet in size. Amenities will include a dog park and spa, pool courtyard, coworking offices with a dedicated podcast recording space, an outdoor grilling station, fitness center, rooftop lounge and a private speakeasy. The project is scheduled for completion in spring 2025.
SANDY SPRINGS, GA. — Tishman Speyer has acquired Avia at North Springs, a workforce housing community in the Sandy Springs suburb of Atlanta. Avia at North Springs was constructed in two phases between 1989 and 1996. The property comprises 502 units in studio, one-, two- and three-bedroom layouts. Amenities include a clubhouse, two pools, tennis courts and a children’s playground. Avia at North Springs also features a series of wooded walking trails throughout the 18.6-acre property and a boardwalk overlooking a nature preserve. Tishman Speyer purchased the asset, which will …
LITHIA SPRINGS, GA. — Northland has acquired 670 Thornton, a 344-unit community in the Atlanta suburb of Lithia Springs. 670 Thornton is situated on a 46-acre site approximately 15 miles west of Atlanta. Units come in studio, one-, two- and three-bedroom floor plans. The property features secure gated entry, a fitness center, business center, grilling areas, a pet park, two pools, a theater room, a playground, tennis courts and a walking trail. Northland plans to renovate the complex by adding a valet trash program, SmartRent technology and in-unit washers and …
LOGANVILLE, GA. — JLL Capital Markets has arranged $26.8 million in construction financing for Rosebud Place, a 139-unit build-to-rent community in the Atlanta suburb of Loganville. The borrower was a joint venture between Landeavor and LAMB Properties. JLL’s Matthew Putterman, Danny Kaufman, Chris Knight and Ware Shipman represented the joint venture to secure the five-year, floating-rate loan through a regional bank. Rosebud Place will offer three- and four-bedroom homes ranging in size from 1,833 to 1,854 square feet. Amenities will include pool, dog park, children’s play area and walking trails.
ATLANTA — Greystone Monticello has provided a $60.2 million bridge loan and an $8 million mezzanine loan to refinance The Irby, a high-rise building in Atlanta’s northern Buckhead district. Greystone Commercial Capital originated the financing. The Irby was built in 2020 and is owned by an affiliate of Lone Star Funds. The property comprises 277 apartments across twelve stories, as well as 15,000 square feet of retail space. Units come in studio, one- and two-bedroom floor plans. Amenities include a pool, courtyard with fire pit and grilling station, an athletic …
CARTERSVILLE, GA. — A partnership consisting of Kaplan Residential and Atlantic Residential has opened Everton Estates, a build-to-rent community in the Atlanta suburb of Cartersville. Everton Estates offers 183 townhome units in two- and three-bedroom layouts. Each unit garage includes an EV charger. Amenities include a pool with cabanas, grill stations, fire pits, a playground, game lounge, fitness center, clubroom and an entertainment kitchen. Crosby Design Group designed the townhomes, while English & Associates architects designed and built the amenity spaces.