Crown Bay Group purchased the 1980s-era developments for approximately $24 million in 2019 and sold them for almost $36 million in March.
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Category: apartments
Florida investor acquires new LaGrange community
The 280-unit garden-style multifamily development was acquired for an undisclosed amount by Coral Gables, Fla.-based Beacon Real Estate Group.
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320-unit garden apartment community changes hands in South Fulton
The acquisition represents the Los Angeles-based investor’s entry into the Atlanta market.
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Sandy Springs apartments sell for $106 million
Located at 501 North River Parkway, the Carlyle of Sandy Springs is “primed for an interior value-add program,” said Cushman & Wakefield, which helped broker the sale.
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Skyhouse Midtown apartment tower sells for $131 million
The 23-story luxury building will be named The M by Radius.
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Three suburban apartment communities snapped up for $150 million in 23-day transaction
The properties aggregate 584 units and are located in Dallas, Hiram and Cumming.
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Joint venture sells new Buckhead apartment building
The class-A luxury apartment building encompasses 319,000 square feet of rentable space and was completed last year.
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Group to refurbish 90-year-old garden apartments in Midtown
When completed, the refurbished property will add almost 50 micro and one-bedroom units with modern amenities to the Midtown market.
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300-unit apartment community set to break ground in Conyers
Atlanta-based ECI Group is developing the class-A community, which will provide the first new apartments in Conyers in 20 years.
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163-apartment mixed-use development proposed for Smyrna
The proposal calls for the construction of a 163-apartment mixed-use development on 6.9 wooded acres at the northeast corner of South Cobb Drive and Oakdale Road in Smyrna.
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