Arizona-Based PEM Adds to Georgia Portfolio

Arizona-Based PEM Adds to Georgia Portfolio
News| December 10, 2025| Mike Boyd
Atlanta & Southeast + Apartment Buildings

Professional Equity Management (PEM) paid $70 million for the Series at Riverview Landing. The Atlanta Business Chronicle reports the seller was Prestwick Cos., which developed the 270-unit project as part of a master-planned community along the Chattahoochee River in Smyrna.

Completed in 2022, Series at Riverview Landing is a four-story development with an average unit size of 919 square feet. Residents have access to a rooftop lounge, a two-story fitness center, a pool, a coworking lounge, and a dog park, among other amenities.

The area is also home to The Eddy at Riverview, another apartment development with 310 units. Multiple businesses have opened on the ground level of the residential buildings, including Chattahoochee Coffee Co. and Reformation Brewery.

PEM now owns four Georgia properties. “Georgia continues to demonstrate strong fundamentals – robust job growth, favorable demographics, and limited new supply,” said PEM President Colson Franse.

In a separate transaction, the company recently acquired the newly built EmmaJames, a 280-unit apartment development fronting the river in downtown Savannah.

Other News

Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants

New York & Tri-State + Apartment Buildings

BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...

Learn more

80-Unit Seniors Housing Development Opens in Suburban Chicago

Chicago & Midwest

Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened.  Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...

Learn more

312-Unit Multifamily in Indiana Changes Hands

Chicago & Midwest + Apartment Buildings

Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up