Inventory Intel

Preleasing begins at latest Modera luxury tower in Buckhead

The Modera Old Ivy in Buckhead is expecting its first move-ins early next month. 

Investor sells two apartment communities for $224 million after major renovations

According to local tax records, the communities were purchased for about $133 million in 2018. 

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. 

Rare ‘generational asset’ apartment portfolio sells for $325 million

Atlanta’s JAMCO Properties sold the collection of 12 communities, which were held for an average of 14 years, to an undisclosed buyer. 

Investor picks up 32nd Atlanta-area community with Gwinnett acquisition

The Maryland firm has been acquiring Atlanta multifamily real estate since 2015. 

Phase two of Ponce City Market kicks off with 55+ and flexible-stay towers

The new phase will also add a four-story mass timber-loft office building to the mixed-use Atlanta real estate development. 

Selig unveils plans for Midtown mixed-use tower

The Midtown Development Review Committee recommended numerous design changes for the project, which will include a 37-story, 465-unit residential tower. 

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