ATLANTA-Continuing its multifamily buying spree, Behringer Harvard has acquired The Reserve at Lavista Walk, a luxury community with 283 apartment homes. The property is just south of the exclusive Buckhead district near major employment centers in Midtown and Downtown Atlanta.

Located on a 4.4-acre site at 1155 Lavista Road NE, the Reserve at Lavista Walk came to market in 2008 with a target audience of young professionals. It’s within three miles of Emory University, Emory Healthcare, the Centers for Disease Control and Prevention and Piedmont Healthcare, which collectively employ about 34,000 people.

Jason Mattox, chief administrative officer at Behringer Harvard, tells GlobeSt.com that the company looks for multifamily communities with more than 100 units, located in high-growth urban areas, like Atlanta, with favorable demographics near employment centers. Properties like the Reserve at Lavista Walk fit that mold.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.