Nashville, Tennessee-based Elmington Residential recently acquired the 433-apartment Resia Tributary community in Douglasville for $73.25 million. 

JLL Capital Markets represented the seller, Resia, a Miami-based multifamily developer that also owns Resia Willows in Decatur. 

Resia Tributary is located at 1851 Market St. and opened in 2023. It encompasses 314,065 square feet of residential space across seven buildings and offers a mix of furnished studios and one- and two-bedroom apartments.  

Community amenities include a 24-hour fitness center, swimming pool, pickleball court, outdoor gaming area, dog park and multipurpose community room with workspaces. It also has 12,341 square feet of onsite retail space. 

JLL’s Investment sales and advisory team representing Resia was led by senior managing directors Peter Yorck and John Weber and Vice President Dean Shoham. 

“The sale of Resia Tributary highlights the continued investor demand for new construction multifamily assets in Atlanta’s expanding western submarkets,” Yorck said. “The property’s strategic location along the I-20 corridor, winnowing supply in the submarket and anticipated 2026 rent growth made it an attractive acquisition opportunity.”