ATLANTA—GoldOller Real Estate Investments just snapped up six multifamily communities with more than 1,200 units in metropolitan Atlanta. PSPIB, a Canadian Pension fund, sold the Atlanta multifamily portfolio to Philadelphia-based GoldOller for $87.25 million.

"We are very excited to place a stake in the Atlanta market," says Richard Oller, chairman of GoldOller. "We believe that Atlanta has rebounded very nicely and is now poised for very significant rental growth. The assets we acquired, all located in the Southside Atlanta submarkets, are expected to yield attractive cash on cash returns before any value enhancements. Each property is a well occupied, gated community, of 2000 vintage, with attractive amenities.”

The properties in the Atlanta multifamily portfolio are Meadow View, 240 units and Meadow Springs, 216 units, both located in College Park, GA; Peachtree Landing, 220 units in Fairburn, GA, Hidden Creek, 116 units, in Marrow, GA, Eastwood Village, 360 units in Stockbridge, GA and Monterey Village, 198 units in Jonesboro, GA.