Inventory Intel
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The 205-unit community was rebranded Gibson by Radius.
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The development is situated in Loganville in an area “known for its equestrian lifestyle, with many beautiful horse farms that create a quiet pastoral setting,” the developer said.
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The development, which is located on the corner of Peachtree Road and Terrace Drive, will offer 144 residences and a host of amenities.
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The development, located at 4151 Memorial Drive, will comprise five seven-story buildings.
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The communities encompass 243 homesites and are located in Dallas, Winder and Homer.
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Located at 500 Pleasant Hill Road NW, the development experienced organic rental-rate growth of more than 18% over the last year.
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The community, Avenue 33 Apartments, was built in 1999 and is located at 3386 Mount Zion Road.
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About 30 of the homes have already been sold, according to the developer, Ashton Woods.
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The real estate company is also reportedly involved in the $2 billion High Street mixed-use project in Dunwoody.
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The building, proposed by LV Collective, would house 480 units on the top 27 stories.
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The move comes less than six months after the builder, McKinley Homes, brought in a full-time sales staff and boosted property tours.
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The seller, Hudson Capital Properties, acquired the property for $68.2 million in 2016.
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Jair Lynch Real Estate Partners said the purchase will be the first of many it will make in Atlanta and the Southeast.
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The acquisition of Collier Flats brings the new real estate company’s Upper Westside apartment portfolio to four communities.
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The initial phase of Waterside, which is situated on the Chattahoochee River in Peachtree Corners, featured single-family, detached homes and two-story front-entry and three-story rear-entry townhomes.
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A developer is building a 186-apartment community where Reid’s Body Shop stood for more than 60 years.