National residential real estate investor Northland purchased the 216-unit Glenwood at Grant Park community, bringing its total Georgia holdings to nine properties.
Built in 2016, the Grant Park development offers a mix of studio, one- and two-bedroom apartments. Newton, Massachusetts-based Northland acquired the property with Ascent Property Management of New York.
Northland made its first multifamily acquisition in Georgia in 2020. Since then, it has invested over $600 million to purchase more than 1,800 apartments and another $250 million on developable land for future projects.
Interiors at Glenwood are finished in two palettes and feature stainless-steel Energy Star appliances, quartz countertops, full-size stacked washer and dryers, integrated technology with USB ports and keyless entry and patios and balconies in certain units. Community amenities include a 24-hour business center, fitness center, bocce court, saltwater pool and resident lounge and game room.
“In addition to coming with highly accretive, below-market, in-place fixed-rate financing, Glenwood stands out for the dynamic quality of life it offers its residents as a high-quality, yet affordable, asset built in one of the most desirable and walkable neighborhoods along the BeltLine,” Northland Director of Investments Andy Young said in a press release.
The community was built in 2016 and offers a mix of studio, one- and two-bedroom apartments. Courtesy of Glenwood at Grant Park.