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37th Parallel Properties Closes on 240-Unit Asset in Atlanta, GA

37th Parallel Properties Closes on 240-Unit Asset in Atlanta, GA
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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37th Parallel Properties Closes on 240-Unit Asset in Atlanta, GA

37th Parallel Properties Closes on 240-Unit Asset in Atlanta, GA
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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A road well travelled

Maghera man Kenny Shiels transformed the Northern Ireland women s team, without a win for four years, to qualify for next summer s European Championships. . ....

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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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Investors On 'Crazy' Atlanta Apartment Shopping Spree

Investors On Crazy Atlanta Apartment Shopping Spree
Courtesy of Spaxel
The Hills at East Cobb apartments, which were recently acquired by New York-based Spaxel.
During the first quarter, investors bought more than $2.1B of Atlanta apartments, an 18% increase from the same period in 2020, according to data collected by Real Capital Analytics, which tracked transactions of $5M or more. The data was provided to
Bisnow by JLL.
“I think there s a tremendous amount of activity for not just multifamily, but that is probably leading the way,” Marcus & Millichap First Vice President John Leonard said. “Anything that did well during the pandemic is in high demand.” ....

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