Ashley Vista is across the street from DeKalb Medical, catering to more than 500 medical professionals while offering the convenience of an outdoor pool, fitness center, and clubhouse. Cameron Landing is located near several retail shopping centers with access to the major transportation thoroughfare of Interstate 75. Oakley Park, based in the hub of the thriving film and logistics industries that are boosting the local economy, is an institutional quality asset with excellent curb appeal.

“The portfolio, located in the under-served suburbs of Atlanta, gives the buyer an excellent investment opportunity primed for value-add upgrades that would substantially boost rent,” says Geiger. “Further, as suburban garden apartments, these properties have some of the most favorable risk-reward metrics of all investment categories, and, driven by strong performance in the Atlanta suburbs, show a vigorous rent growth trend.”

ATLANTA—A three-property multifamily portfolio totaling 920 units in South Suburban Atlanta has just traded hands. Financial terms of the deal were not disclosed.

CBRE's Kevin Geiger and Shea Campbell of the Southeast Multifamily Group represented the seller, Bridge Investment Group. Robbins Electra and Electra America acquired the multifamily assets. As the Atlanta metro continues to thrive with rapid job and population growth, multifamily communities with value-add potential will remain incredibly appealing to buyers.

“Atlanta is seeing continued rent growth due to its increasing population and subsequent job creation,” says Geiger, vice chairman of Institutional Properties for the Multifamily division of CBRE. “It is not unusual for the suburban parts of Atlanta to experience organic rent growth, which peeks investors' interest. Atlanta is one of the few markets nationwide that inks solid rent growth and occupancy growth at this late stage in the cycle, and as investors seek value-add opportunities, the three suburban properties in this portfolio provide the opportunity through renovations.”

The multifamily assets are in three different Atlanta markets. Cameron Landing is located at 3470 Mount Zion Road in Stockbridge. Oakley Park is at 5474 Oakley Industrial Boulevard in Fairburn. Ashley Vista is located at 100 Camellia Lane in Lithonia. (These loans are attracting new types of multifamily buyers).

Ashley Vista is across the street from DeKalb Medical, catering to more than 500 medical professionals while offering the convenience of an outdoor pool, fitness center, and clubhouse. Cameron Landing is located near several retail shopping centers with access to the major transportation thoroughfare of Interstate 75. Oakley Park, based in the hub of the thriving film and logistics industries that are boosting the local economy, is an institutional quality asset with excellent curb appeal.

“The portfolio, located in the under-served suburbs of Atlanta, gives the buyer an excellent investment opportunity primed for value-add upgrades that would substantially boost rent,” says Geiger. “Further, as suburban garden apartments, these properties have some of the most favorable risk-reward metrics of all investment categories, and, driven by strong performance in the Atlanta suburbs, show a vigorous rent growth trend.”