Real estate investor Northland picked up its fifth Atlanta-area community with the recent purchase of The Maven, a 276-unit garden-apartment community in Suwanee.
The Maven, located at 4255 Suwanee Dam Road NW, spans 14 acres of landscaped land embedded with five residential buildings and 12,700 square feet of dedicated retail space.
The community provides one-, two- and three-bedroom apartments and numerous community amenities, including a resort-style pool deck, bar space and lawn area, as well as a state-of-the-art fitness center.
“In 2020, Northland entered the Atlanta market with the commitment to acquire and develop one of the highest-quality and diversified portfolios of apartment communities in this economically vibrant city,” Director of Investments Andy Young said in a press release. “With the acquisition of The Maven, Northland advances this goal further, welcoming into our portfolio a thoughtfully developed and well-located suburban asset in fast-growing Suwanee. And in a highly competitive investment market, Northland again utilized our multi-decade relationships and unparalleled transaction capabilities to source and acquire this best-in-class asset directly from a preeminent local developer.”
Northland entered the Atlanta market in 2020 and since then has acquired five properties, including the Maven, encompassing 1,300 units, as well as land for $250 million of future development.