The Geneva Group recently acquired the 240-unit, garden-apartment community LaVista Crossing in Northlake, marking the Deerfield Beach, Florida-based real estate investment firm’s re-entry into the multifamily sector.
Built in 1970 and renovated in 2023, the 24.2-acre development offers one-, two- and three-bedroom apartments and townhomes. Community amenities include a swimming pool, sun deck, dog park, fitness center, clubhouse and coffee bar.
“You can’t find a better location in the Atlanta market for affordability and only 20 minutes outside of Buckhead and Midtown,” Jarred Elmar, Geneva Group managing partner, said in a press release. “The property is just steps away from one million square feet of retail, including two grocery stores, LA Fitness, Planet Fitness and many restaurants and everyday shops.”
The acquisition brings Geneva Group’s portfolio to 1.5 million square feet and adds multifamily to the firm’s asset classes, which already include retail, industrial, office and medical.