The development was RangeWater’s sixth ground-up development along the Beltline.

New facilities were created including a business center, theater room and fitness area. Local leaders celebrated the redevelopment at a grand reopening event.

“Taken together, these acquisitions represent an opportunity to acquire high-quality communities in prime locations at a meaningful discount to replacement cost,” a PENLER representative said.

Each dwelling will feature a ground floor two-car garage with a glass door. Private balconies with sliding glass doors provide views of the track.

The median sales price grew slightly compared to last year, hitting $405,450. However, that still marks a 2.3% decrease from July.

Apartments at both communities feature walk-in closets and offer access to playground areas. Onsite property management professionals staff the locations.

If plans move forward, the development will include affordable homeownership opportunities. The parties issued a request for qualifications.

Atlanta’s high rental potential and relatively low prices make it a perfect choice for residential investors looking for comfy margins, Cotality said.

By the end of the year, Atlanta will have added a total of 17,512 units.

“We’re excited to partner with homeowners and real estate professionals to bring intentional, market-savvy design to properties throughout the metro area,” said Christopher Fuller.

Located near Cumming’s city center, the Willow Glen community offers two-story, single-family homes with five bedrooms,3.5 to 5.5 bathrooms and two- to three-car garages.

An abundance of senior-friendly activities helped boost Atlanta’s ranking. The city tied with Washington, DC, San Francisco, California and St. Louis, Missouri for most museums per capita.

The 82 farmhouse-style homes sit on one-acre homesites. Many feature three-car garages. Amenities include a pool and cabana, playground, multi-purpose field and a network of walking trails.

Lots at the luxury farming community range five to over 20 acres and are priced from $349,000 to $1.1 million.

At the same time, existing-home sales and housing starts fell, while days on market jumped.

“You must have multiple revenue streams or a ton of savings.” — Mindy Roberts, Realtor, Ansley Real Estate