Duluth, Suwanee Rental Assets Included in $125.5M Refi
JLL Capital Markets arranged $125.5 million in refinancing for the MAG Portfolio, a three-property multifamily collection featuring two Class A garden-style apartment communities in the Atlanta metropolitan area, and one in Austin.
JLL worked on behalf of the joint venture between Myers Apartment Group and Torchlight Investors to secure the floating-rate loan through Greystar.
Highlands at Sweetwater Creek (photo) and Symphony at Suwanee Creek were built between 2019 and 2021. The properties are currently 91.7% occupied, with an average unit size of 916 square feet.
Highlands at Sweetwater Creek comprises 290 units, averaging 926 square feet, located at 2789 Satellite Blvd. in Duluth, Georgia. Symphony at Suwanee Creek offers 200 units, averaging 974 square feet, located at 1630 Peachtree Industrial Blvd. in Suwanee, Georgia, within a gated community featuring controlled access buildings.
The JLL Capital Markets team was led by Gerard Sansosti, Peter Rotchford, Senior Director Nicco Lupo and Clayton Ross.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout