The Sonesta Extended Stay Suites was purchased as part of a nine-property portfolio of hotels slated for conversion by a Utah developer. 

In her new role, Sloane Morris will recruit and train advisors at the two brokerages and work to further develop partnerships with local homebuilders. 

“Never take yourself too seriously, and keep a sense of humor.” — Sarah Chatel, Rainmaker and CEO, Chatel Group, Keller Williams Realty Atlanta Midtown

The new owner plans to make numerous capital improvements to the 182-unit, garden-apartment community.

Active listings in the Atlanta area rose 19.9% compared to March, while the number of homes sold fell 6.1%, Georgia MLS reported. 

Middleburg Communities spent $10 million bringing an abandoned apartment community back to life in South Fulton. 

Seventy percent of the 185 metros surveyed by the National Association of REALTORS® saw double-digit price gains in the first quarter, compared to 66% in the preceding period. 

The pandemic has brought about a significant shift in real estate investment strategies, among them a keen interest in secondary U.S. cities like Atlanta. 

What is the state of Atlanta luxury real estate? Check out how our readers responded to the Luxury Survey, including recent changes in the market and what amenities buyers are looking for.

Financial terms of the transaction were not disclosed, but the buyer used a $48 million bridge loan in support of the acquisition. 

Parent company DRB Group is consolidating its five homebuilding units into two brands, DRB Homes and DRB Elevate.

Days on market dropped to 41 from 51, while housing starts rose from 3,627 to 4,419.

“Treat it as a job and schedule activities through the day.” — Neel Midha, associate broker, Harry Norman, Realtors

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. 

The new build-to-rent neighborhood, University Commons, features two-story detached homes with three bedrooms and three baths in each residence. 

New data indicates the Atlanta real estate market remains hot, despite worries about rising interest rates.