Inventory Intel

122 stacked townhomes headed for South Fulton 

The 55-plus rental community is budgeted at $35 million and is backed by Grammy award-winning Christian musician Lecrae Moore. 

The Maven 276-unit community picked up in Suwanee 

Financial terms of the transaction were not disclosed, but Gwinnett County records show that the asset was last purchased for $101 million on April 26 

Chamblee extended-stay hotel headed for multifamily conversion 

The Sonesta Extended Stay Suites was purchased as part of a nine-property portfolio of hotels slated for conversion by a Utah developer. 

Community next to Mercedes-Benz Stadium sold for $40 million

The new owner plans to make numerous capital improvements to the 182-unit, garden-apartment community.

Investor sells once-vacant South Fulton community after “to the studs” redevelopment 

Middleburg Communities spent $10 million bringing an abandoned apartment community back to life in South Fulton. 

Optimist Lofts changes hands 

Financial terms of the transaction were not disclosed, but the buyer used a $48 million bridge loan in support of the acquisition. 

ECI Group opens first Corwyn South Point building to residents 

The Corwyn is a new class-A multifamily brand being rolled out by the Atlanta developer, which broke ground on the Corwyn at Conyers in January. 

NewStar purchases Gainesville single-family community 

The new build-to-rent neighborhood, University Commons, features two-story detached homes with three bedrooms and three baths in each residence. 

Phase two of Pratt Stacks condominiums opens for sales 

The popular Beltline community from The Providence Group will add another 72 condominiums to the Atlanta real estate market with units priced from $619,900 to $729,900. 

Norcross apartment community sold to multifamily investor 

Financial details of the transaction were not disclosed, but the property was purchased for $24.8 million in 2017 and was appraised at $43 million for the 2022 tax year. 

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