Jair Lynch Real Estate Partners said the purchase will be the first of many it will make in Atlanta and the Southeast.
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Our expectations and desires have shifted, with renters searching for more space — often at a higher price tag. But, according to a new study from RentCafe, the costs in Atlanta are somewhat average.
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The off-market transaction was facilitated by Berkadia, which secured $17.5 million of equity capital from MLG Capital on behalf of the investor, One Real Estate Investment.
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The company purchased the properties for $116 million with the acquisition of Springdale Glen, Sierra Forest and Hawthorne at Sugarloaf in Clarkston, Mableton and Lawrenceville.
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