POOLER, GA. — Carter Exchange Fund Management Co. has sold Station at Savannah Quarters, a garden-style community in the western Savannah suburb of Pooler. Carter Exchange sold the property for $62.5 million. Station at Savannah Quarters offers 244 units across seven buildings on a 10.7-acre site. Amenities include a clubhouse with a lounge area, cyber café and fitness center with wellness studio. During the company’s 2.8-year hold, Carter Exchange updated units with smart home packages, replaced flooring, and washers and dryers. The community was 96 percent occupied at the time …
ATLANTA — Jamestown has begun pre-leasing for Signal House, a new 162-unit building in Atlanta’s Ponce City Market. Previously a Sears catalogue facility, Ponce City Market opened its doors in 2015 and currently houses 90 businesses. The project’s next phase will add 700,000 square feet of residential and retail space. Signal House rises 21 stories and will feature one-, two- and three-bedroom floor plans, as well as 3,300 square feet of retail space. Amenities include a pool with a terrace and lounge, a clubhouse with a dining room, a fitness …
ATLANTA — BWE, a national commercial and multifamily banking company, has expanded its Atlanta office with the addition of Alan Tapie, Thomas Wiedeman and Brad Walker. Tapie will serve as Executive Vice President. Prior to joining BWE, he served as Office Manager and Senior Vice President in Grandbridge Real Estate Capital’s Atlanta office. He earned his bachelor’s degree in business administration from the University of Georgia and is a CCIM Designee. Wiedeman will serve as a Senior Vice President. Before joining BWE, Wiedeman was a Vice President at Grandbridge Real …
DULUTH, GA. — Cushman & Wakefield has brokered the sale of The Reserve at Sugarloaf in the Atlanta suburb of Duluth. Olen Properties acquired the asset for $91 million. Robert Stickel, Alex Brown, Ashlyn Warren and Wesley Lacefield of Cushman & Wakefield arranged the transaction on behalf of the seller, an institutional client of New York Life Real Estate Investors. Built in 2002, The Reserve at Sugarloaf offers 333 units, as well as amenities such as an indoor-outdoor fitness center, pool, pet park, internet café and car care center.
POOLER, GA. — Stoneweg US has acquired The Station at Savannah Quarters, a 244-unit asset located in the Savannah, Georgia suburb of Pooler. Built by Tynes Development 2019, The Station at Savannah Quarters comprises three residential buildings, a leasing center, a clubhouse, four carriage buildings and 34 garage stalls. Units come in one-, two- and three-bedroom floor plans. Stoneweg US plans to renovate the property through an ESG and value-add program, including EV chargers, installation of solar panels to the clubhouse, new pool cabanas and turf installation for cornhole toss. The …
MARIETTA, GA. — Walton Communities has secured $45 million HUD-insured loan for the refinancing of Kinstone Columns Drive, a 384-unit community in Marietta, a northern suburb of Atlanta. Brandon Baksh and Karnveer Bal of Dwight Capital originated the loan, which features a 25-basis-point Green Mortgage Insurance Premium. Kinstone Columns Drive comprises 29 three-story buildings, three townhomes, two pool bathhouses, and a leasing office and clubhouse across 30.5 acres. Amenities include a fitness center, business center, playground, tennis court, walking trail, picnic area, sports courts and two pools.
DECATUR, GA. — EDENS has changed the name of North Dekalb Mall to Lulah Hills. The rebrand is part of the developer’s plan to redevelop the mall into a 73-acre mixed-use community in the eastern Atlanta suburb of Decatur. According to EDENS, the name Lulah Hills is based on landscape architect Frederick Olmstead’s original naming concept for the Druid Hills residential suburb. The North DeKalb Mall originally opened in 1965. EDENS acquired the property in 2021, and the DeKalb County Board of Commissioners approved the rezoning of the site in …
FORT LAUDERDALE, FLA. — Altman Management Co. (AMC), a subsidiary of Fort Lauderdale-based The Altman Cos., has formed a partnership with RAM Partners. RAM Partners is a full-service third-party residential property management company based in Atlanta. RAM Partners will provide support to AMC’s property marketing, training, business systems and revenue management teams, as well as the firm’s ancillary services department. AMC will continue to handle resident-facing functions such as leasing and property management. AMC currently manages more than 27,000 units across 105 communities.
SMYRNA, GA. — Cushman & Wakefield has arranged the $24 million sale of Lexington Park in Smyrna, an Atlanta suburb about 22 miles from downtown. Castlegate Property Group sold the 156-unit asset to Knickerbocker Asset Management. Cushman & Wakefield’s Travis Presnell, Nathan Swenson and James Wilber represented the seller. Lexington Park was built in 1963. A pool, dog park and business center are among the property’s amenities. The former owner updated Lexington Park’s exterior with new paint, replaced signage and renovated the leasing office. Cushman & Wakefield says additional value-add …
DECATUR, GA. — Toll Brothers Apartment Living has completed and opened Notion in Decatur, an Atlanta suburb about 7 miles east of downtown. Pondmoon Capital USA was a joint venture partner in the 290-unit project, financed in part by a $45.7 million construction loan from Santander Bank. Construction began in 2020. Dwell Design Studio was the architect for Notion, which is situated on a 3-acre site. The mid-rise community includes a mix of studio, one- and two-bedroom floor plans. According to the property website, rents range from approximately $1,597 to …