Inventory Intel

3,500 Sunbelt rental homes acquired for $1 billion

Most of the single-family homes are in Texas, Georgia, Alabama and Oklahoma. 

Construction of 1405 Spring gets underway as funding secured for 31-story tower

The 31-story residential tower will bring 326 residences to the corner of 18th and Spring streets in Midtown. 

Atlanta real estate investor picks up 592-unit Doraville community

The ARIUM Winters Chapel apartment complex was previously known as Jasmine Winters Chapel. 

21 compound-size lots come online on St. Simons

Purchasers of the Frederica Estates properties are eligible for memberships in the 100-year-old Sea Island Club and the Frederica Golf Club. 

Star Metals developer pays $31 million for Westside Beltline parcel, plans mixed-use project

The Westside land purchased by the Allen Morris Co. is surrounded by areas of future development, including Microsoft’s planned campus at Quarry Yards. 

Atlanta land developer acquires 1,000 Henry County lots

The lots purchased by Blue River Development are in five master-planned communities around McDonough. 

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. 

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