“This is the exact property type that caters to the Technology Park Atlanta employee base,” says Campbell. “It is also an excellent time for the multifamily market in Atlanta, given that by the end of 2015, we were seeing the eighth consecutive quarter of positive apartment absorption.”

Atlanta's burbs are posting multifamily action. Wendover Housing Partners just broke ground on an affordable, multifamily community on the Atlanta suburb of Lithonia, GA. Granite Crossing is located in Downtown Lithonia Plaza.

Construction on the 75-unit multifamily community is set to begin in August 2016 with the first residents expected to move in during the summer of 2017. Granite Crossing marks the newest major construction in Lithonia since 2009 and will serve as the cornerstone of the city's sustainable revitalization plan for transforming its downtown.

“With properties across the Southeast, Wendover is always looking for new locations that would benefit from workforce housing,” Jonathan Wolf, president and founder of Wendover, tells Globest.com. “I was drawn to the building site in Lithonia after viewing the city's 2012 Blueprints Report, which included long-term plans to redevelop the area. For years, government officials and Lithonia community members have sought better, affordable housing options to attract new families and spark growth in the city.”

ATLANTA—Veranda Estates Apartments and Veranda Knolls Apartments has traded hands. Brookline Investment Group, a family firm based in Southern California, acquired the multifamily properties for an undisclosed amount.

CBRE's Kevin Geiger and Shea Campbell of the Southeast Multifamily Group represented the seller, White Oak Partners. The multifamily assets are located in the Atlanta suburb of Peachtree Corners, GA.

“Atlanta's multifamily market is extremely healthy,” Campbell tells GlobeSt.com. “Atlanta was the number seven ranked multifamily investment market and the sole representative of the Southeast. A big part of that consistent and healthy activity is coming from our suburban markets such as Peachtree Corners. It is a good time for investors here.”

Both multifamily properties are in an area that is on the rise and is considered very desirable. Specifically, the locations are 6516 Spalding Drive and 100 Ivy Park Lane. The apartment communities are near neighboring Technology Park Atlanta, an economic engine for the area housing more than 500 technology and creative companies.

“This is the exact property type that caters to the Technology Park Atlanta employee base,” says Campbell. “It is also an excellent time for the multifamily market in Atlanta, given that by the end of 2015, we were seeing the eighth consecutive quarter of positive apartment absorption.”

Atlanta's burbs are posting multifamily action. Wendover Housing Partners just broke ground on an affordable, multifamily community on the Atlanta suburb of Lithonia, GA. Granite Crossing is located in Downtown Lithonia Plaza.

Construction on the 75-unit multifamily community is set to begin in August 2016 with the first residents expected to move in during the summer of 2017. Granite Crossing marks the newest major construction in Lithonia since 2009 and will serve as the cornerstone of the city's sustainable revitalization plan for transforming its downtown.

“With properties across the Southeast, Wendover is always looking for new locations that would benefit from workforce housing,” Jonathan Wolf, president and founder of Wendover, tells Globest.com. “I was drawn to the building site in Lithonia after viewing the city's 2012 Blueprints Report, which included long-term plans to redevelop the area. For years, government officials and Lithonia community members have sought better, affordable housing options to attract new families and spark growth in the city.”