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Cortland Tips Aggressive Hand With $39M Multifamily Buy

ATLANTA—Cortland's Paul Wrights tells GlobeSt.com's Jennifer LeClaire the firm plans to add another 5,000 units by the end of the year.

By Jennifer LeClaire | Updated on April 29, 2012

ATLANTA—Multifamily investors are getting creative with acquisitions in key markets. In a joint venture with Harbert Management Corporation, Cortland Partners has acquired a 644-unit multifamily project in Roswell for $38.75 million.

Centennial Ridge is an institutionally-developed multifamily commuting sitting on 83 acres of Roswell land. The multifamily complex is on Holcomb Bridge Road, a popular thoroughfare in an affluent Atlanta corridor. Cortland and Harbert plan to spend $10.6 million to renovate and upgrade the multifamily property.

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