ATLANTA—A Toronto investor just snapped up a prime multifamily asset. Emma Capital Investments acquired Valencia Park Apartments, a 508–unit garden style multifamily community in the Peachtree Corners submarket of Atlanta, for $28.2 million.

“The property is located a short drive from Technology Park Atlanta, and our strategy is to attract the employees at the park as our new potential tenants for the upgraded units,” says Haya Zilberboim, founding partner and co-owner of Emma. “Further, the area is undergoing an economic boost including the current redevelopment of a 125-acre site into a $1 billion new movie studio, and the planned major multi-use redevelopment of the 165-acre GM plant in Doraville, as well as numerous corporate expansions and relocations, resulting in the addition of thousands of new jobs in the area."

The multifamily property sits on about 51 acres. Amenities include a swimming pool with sun deck, a clubhouse, and a fitness facility. Emma plans to refresh and modernize the clubhouse and other amenities and improve landscaping and the curb appeal, as well as increase the multifamily property's value through a unit interior value-add program.