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Lion Real Estate Group Acquires Collier Ridge Apartment Community in West Buckhead Neighborhood of Atlanta for $67 Million

ATLANTA, GA - Lion Real Estate Group, a real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, announced it has acquired Collier Ridge (100 Noble Creek Drive), a 300-unit multifamily property located in West Buckhead, Atlanta, GA, for $67 million. Further terms of the sale were not disclosed.
The property, which was first built in 1980, offers full amenities, including a resort-style pool, lit tennis court, playground, fitness center, and dog park. The transaction reflects a price of $223,000 per unit, or $157 per square foot.
We are delighted to expand the Atlanta section of our portfolio with another acquisition outside of the city s urban core, said Jeff Weller, Co-Founder and Managing Principal of LREG. The city has become a domestic leader in terms of job prospects, rent collection resiliency, and multifamily market performance, making it an attractive destination to deploy capital and re ....

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Lion Real Estate Group Acquires Collier Ridge in Atlanta for $67 Million

Lion Real Estate Group Acquires Collier Ridge in Atlanta for $67 Million
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Lion Real Estate Group Completes Sale of 3317 Exposition Place in Los Angeles for $22.5 Million

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DALLAS, April 1 2021 /PRNewswire/
Lion Real Estate Group, LLC ( LREG ), a real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, today announced the sale of 3317 Exposition Place in Los Angeles to Luzzatto Company, Inc. for $22,515,000. The transaction reflects a three-fold multiple on capital invested just over three years, bringing the estimated value of LREG s real estate and cash assets under management to approximately $1 billion as of March 31, 2021.
Located in Los Angeles West Adams District and close to Metro Rail s Expo/Crenshaw station, 3317 Exposition Place is a two-story, dual-building site comprised of 29,759 square feet. The property has been occupied by current tenant and luxury online retailer, TheRealReal, since May 2019. ....

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Luzzatto buys TheRealReal office building in Leimert Park

Luzzatto buys TheRealReal office building in Leimert Park
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Lion Real Estate Group Completes Sale of 3317 Exposition Place in Los Angeles for $22.5 Million

Lion Real Estate Group Completes Sale of 3317 Exposition Place in Los Angeles for $22.5 Million
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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