The acquisitions of the northeast Atlanta properties come on the heels of other recent multimillion-dollar deals for multifamily communities by local and out-of-state investors.
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Category: apartments
N.C. investor purchases two Atlanta communities with 611 units
The properties represent the 12th and 13th communities Bell Partners manages in the Atlanta area and its second and third acquisitions in Atlanta this year.
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Renters Are Moving in and out of These Hot Cities the Most
As rental prices continue to spike, many renters are on the hunt for new cities and states. This is where they are coming from and going to the most.
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Atlanta real estate investor picks up two local apartment complexes for $74 million
The properties are Grace Chamblee, a 306-unit community in Doraville, which was purchased for $47.7 million, and Retreat at Stone Mountain, a 212-unit complex, which was purchased with Admiral Capital Group affiliate AB Finance for $26.4 million.
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Atlanta investor group buys 294-unit suburban apartment community for $31.1 million
The Park at Netherley was built in 1988, and since 2019, more than $1 million in capital improvements have been completed to increase curb appeal, upgrade interiors, improve exteriors and boost common-area amenities, the investment firm said.
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Virginia investor picks up newly built Acworth apartment community
The class-A property, the Quincy, was acquired by Capital Square 1031, which sponsors Delaware statutory trust offerings for Section 1031 exchange and accredited investors, for an undisclosed amount.
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Maryland investor spends $287.1 million on another six Atlanta apartment communities
With the acquisitions, Chevy Chase-based FCP has now purchased 12 properties in the Atlanta metro area in 2021 and 30 assets since it entered the market in 2015.
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Rents Continue Surging: Where They’re Rising the Most
Rental prices haven’t just recovered—they’ve surged to record levels in many parts of the country as the housing crunch continues.
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NC apartment investor picks up 800-unit Alpharetta community
The property is the 11th Atlanta-area asset owned or managed by the purchaser, Bell Partners Inc.
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Maryland firm continues local buying spree with more Atlanta multifamily acquisitions
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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