“During our ownership period, the joint venture parlayed improving market fundamentals with sound and attentive onsite management to significantly enhance the value of Marquis River Trace,” says Daniel Miles of Crown Holdings Group. “As a result, we were able to affect a significant increase in top line revenue and net operating income to the benefit of investors.”

Marquis River Trace sits at the intersection of GA 400 and Holcomb Bridge Road in Roswell, GA, about 20 minutes from Downtown Atlanta. The asset is in the North Fulton submarket, one of Atlanta's most desirable suburbs. The market has an employment base of 150,000 jobs in tech, telecommunications and healthcare.

The North Fulton market is known for its strong public school system, which makes it highly sought-after and an area for which renters will pay a premium. Residents of this submarket area earn nearly 70% more than the metro median.

Marquis River Trace was developed in 1973 and is 98% leased. The multifamily property has 34 wooded acres and is made up of a mix of townhome and garden apartment homes and a clubhouse area.

Marquis River Trace is the firm's second disposition of an Atlanta-area apartment complex by an in less than 90 days. In early June a partnership that includes Chicago-based Origin Investments and Atlanta-based Carroll Organization completed the sale of the 236-unit ARIUM North Point apartment complex in Atlanta. The partnership originally purchased the multifamily property in December of 2012 and sold it to a private investor, achieving a deal level equity multiple greater than 3 times.

Origin is not the only commercial real estate investor seeing strong traction in North Fulton. Shoppes at Vickery Village, which spans 77,794 square feet of retail and office in11 buildings, has traded hands. The sale price: $14.425 million. The seller sold the mixed-use property for 20% more than its previous purchase price 18-months prior. That's a $3 million boost. Read more about that recent deal here.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

ATLANTA— Marquis River Trace, a 312-unit multifamily community outside Atlanta, had traded hands. The sale price: $29.5 million.

Chicago-based Origin Investments and Atlanta-based Crown Holdings Group sold the multifamily asset. Federal Capital Partners, a Washington, DC-based real estate investment firm, snapped it up.

This disposition reinforces Origin's ability to identify well-located, peak-performing multifamily properties and execute value-add business plans. The Origin-Crown Holdings partnership acquired the multifamily asset in 2012 for about $13 million. The sale price represents a more than double the original investment. What's more, the partnership generated a 68% internal rate of return and a 5.8 times multiple on invested equity over about a 48-month holding period.

Marc Turner, managing director of investment management for Origin Investments, says one key to the success of Marquis River Trace was anticipating the growth potential of the North Fulton market. Another factor was engaging a strong partner, Crown Group Holdings, with a significant management presence and reputation in the area.

“During our ownership period, the joint venture parlayed improving market fundamentals with sound and attentive onsite management to significantly enhance the value of Marquis River Trace,” says Daniel Miles of Crown Holdings Group. “As a result, we were able to affect a significant increase in top line revenue and net operating income to the benefit of investors.”

Marquis River Trace sits at the intersection of GA 400 and Holcomb Bridge Road in Roswell, GA, about 20 minutes from Downtown Atlanta. The asset is in the North Fulton submarket, one of Atlanta's most desirable suburbs. The market has an employment base of 150,000 jobs in tech, telecommunications and healthcare.

The North Fulton market is known for its strong public school system, which makes it highly sought-after and an area for which renters will pay a premium. Residents of this submarket area earn nearly 70% more than the metro median.

Marquis River Trace was developed in 1973 and is 98% leased. The multifamily property has 34 wooded acres and is made up of a mix of townhome and garden apartment homes and a clubhouse area.

Marquis River Trace is the firm's second disposition of an Atlanta-area apartment complex by an in less than 90 days. In early June a partnership that includes Chicago-based Origin Investments and Atlanta-based Carroll Organization completed the sale of the 236-unit ARIUM North Point apartment complex in Atlanta. The partnership originally purchased the multifamily property in December of 2012 and sold it to a private investor, achieving a deal level equity multiple greater than 3 times.

Origin is not the only commercial real estate investor seeing strong traction in North Fulton. Shoppes at Vickery Village, which spans 77,794 square feet of retail and office in11 buildings, has traded hands. The sale price: $14.425 million. The seller sold the mixed-use property for 20% more than its previous purchase price 18-months prior. That's a $3 million boost. Read more about that recent deal here.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.