The $140 million development includes The Mabry by Storia, a 156 single-family home community, and The Margot, which will offer 332 apartments.
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The Atlanta-based multifamily firm is expanding into Denver, Phoenix and Salt Lake City.
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Financial terms were not disclosed, but the property last sold for $42 million in June 2019, according to Dekalb County records.
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The Monroe apartment community encompasses 217 units and is located on the Northside BeltLine and Bobby Jones Golf Club.
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The Atlanta-based developer plans to break ground this month on 50 recently acquired acres.
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The 325-unit community is located at 1246 Allene Ave. SW and was previously home to the Exide Technologies battery plant.
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