Elmington Residential Buys Resia Tributary in Metro Atlanta for $73.3M

DOUGLASVILLE, GA. — JLL has arranged the $73.3 million sale of Resia Tributary, a 433-unit community in the western Atlanta suburb of Douglasville. Miami-based developer Resia was the seller, and Nashville, Tennessee-based investor, developer and property manager Elmington Residential was the buyer. Located at 1851 Market St., the asset was built in 2023 and includes a mix of studios, one- and two-bedroom units and such amenities as a pool, 24-hour fitness center, pickleball court, outdoor gaming area, dog park and a multi-purpose community room with workspaces. Additionally, Resia Tributary includes 12,341 square feet of retail space. JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Peter Yorck, John Weber and Dean Shoham.