Blackstone Affiliate Offloads Atlanta-Area Apartments
American Landmark Apartments acquired two apartment communities totaling 600 units across Georgia and Florida. Commercial Search reports Blackstone’s LivCor previously owned the properties in partnership with Cortland.
The acquisitions include Tramore Village, a 324-unit community in Austell, Georgia, within the Atlanta MSA. Situated at 2222 East West Connector, Tramore Village is a 324-unit community located in Austell, Georgia, a suburb within the Atlanta metropolitan area. Built in 1999, the property’s direct access to East West Connector brings residents within a 30-minute drive of Downtown Atlanta, home to more than 193,000 jobs and over 4,200 businesses. Rental units range in size from 811 to 1,475 square feet with rent ranging from $1,080 to $1,685.
Following a successful first close of $400M for its American Landmark Fund V, the firm’s latest acquisitions indicate an increase in momentum for Sun Belt multifamily assets supported by strong demographic trends and long-term housing demand.
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Pasadena Offices Sell for Residential Conversion
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Berkadia Negotiates Student Housing Property Sale in Kansas
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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