St. Louis real estate investor Green Forest Capital entered the Atlanta market with its recent $13.9 million acquisition of the Phoenix Place Townhomes community in East Point.
The seller, Pacific West Land, was represented by GREA’s Taylor Brown, Mack Leath and Barden Brown.
Phoenix Place, a garden-apartment community built in 1971, is located at 2420 Heaton Drive. It offers 144 townhomes with rents ranging from $995 for a 743-square-foot one bedroom to $1,300 for a 1,464-square-foot three bedroom, according to its website.
Community amenities include a swimming pool, sundeck with lounge chairs, playground and clubhouse.
“It’s always exciting to see fresh capital enter the Atlanta market motivated to improve the property and quality of life for the residents,” Taylor Brown said in a press release.
Community amenities include a swimming pool, sundeck with lounge chairs, playground and clubhouse. Courtesy of Phoenix Place Townhomes.
What are some other developments in the East Point and Forest Park area?