Local News
Real estate news in Atlanta
The Atlanta-based real estate firm is pursuing a “robust” growth plan.
The property, to be called Penler Cherokee, will include eight, two-story garden-style buildings on an 18.3-acre site.
The acquisition of the Roswell-based brokerage brings about 2,000 Atlanta-area agents into HomeSmart’s ranks.
The 180-unit garden-apartment community was built in 1972.
Total housing inventory rose 45.9% from December 2021 to 10,547 units, while new listings fell 26% to 3,845.
The Alpharetta-based build-to-rent developer named a new chief development officer and general counsel.
The $500,000 in funding would be used to encourage firefighters, police officers and corrections officials to live near their workplaces or in their zones.
The Finding Homes service, which works on any Alexa-equipped smart phone, allows people to access FMLS real estate listings.
The community, Mighty Oak, has 118 homesites and sits on 26 acres.
The community, the 266-unit Paramont Apartments, previously sold for $26.7 million in 2018.
The U-Haul Growth Index showed Georgia was a net importer of residents based on the number of one-way truck rentals to and from the state.
The proposed project, Modera Hapeville, has been proposed by Mill Creek Residential, which already has 10 Modera-branded communities in Atlanta.
The transaction was funded by a $30.5 million acquisition and renovation loan.
The new manager has more than 20 years of experience in homebuilding, with stints at Taylor Morrison, Ryland Homes and CalAtlantic Homes.
The firm said 147,881 multifamily units are in some stage of the development process in the greater Atlanta market.
The city’s relative affordability in today’s high interest-rate environment helped put it on the list.
