Real estate news in South Florida
More jobs and other factors are driving population and rental prices through the roof.
The community is being renovated and rebranded as Haven North East.
The acquisition comes on the heels of FCP’s acquisition of the 380-unit Wyndcliff Apartments in Smyrna and sale of the 312-unit River Crossing at Roswell community.
The competitive homebuying market showed signs of loosening up last month as bidding wars dropped from May despite being higher than they were a year ago.
Developer Mill Creek is seeking to develop a 30-story tower on 10th Street NE, while Property Markets Group is proposing a 33-story building on Peachtree Street.
It could take Atlanta-area renters more than seven years to save for a down payment in today’s market.
Atlanta’s annual rent growth lags the statewide average of 14.8% but is ahead of the national average of 8.4%.
Shirley Gary was also ranked No. 5 nationwide for transactions closed and No. 131 nationwide for sales volume.
Publicly listed apartment landlord Equity Residential has returned to Atlanta with the $115 million acquisition of Skyhouse South, a 320-unit apartment tower in Midtown. Equity Residential, a real estate investment trust headquartered in Chicago, said Atlanta fits nicely with
Atlanta-based Quinn Residences has an existing portfolio of more than 1,000 homes in seven markets in North Carolina, South Carolina, Georgia and Florida.