“Its setting inside Johns Creek Walk is also unique,” Berry says. “The community incorporated traditional neighborhood design elements of a quaint main street retail component and elegant for-sale housing to provide the perfect setting for Johns Creek's residents.”

The Johns Creek suburb of Atlanta features a wealthy, well-educated demographic, ranking as the 13th highest earning city in the country and one of the 10 richest in Georgia. Housing values ($421,000) and household incomes ($144,000) are nearly double Atlanta's average. The highly desirable school system has attained LaSalle's Gold Level ranking with a high school that is rated #2 in Georgia by Niche and #11 in Georgia by U.S. News (top two percent).

(Find out why Atlanta has the multifamily advantage.)

“It has become difficult to develop multifamily properties in the Johns Creek area, which has led to a lack of quality developments recently,” Alasdair Cripps, CEO and Co-Chief Investment Officer of Mesirow Financial's Institutional Real Estate. “The Reserve at Johns Creek Walk has been and will continue to be a unique asset to this community.“

Atlanta is recognized as the economic engine of the Southeast with a population that is expected to grow by 7% over the next five years. The Atlanta metro area ranks second out of 147 cities in LaSalle's Regional Economic Growth Index due to a robust job and population growth outlook creating an upside for apartment demand. New apartment supply in Atlanta's suburbs has averaged just 1%of existing stock since 2014, approximately half of the net absorption rate. This has led to growth in average annual apartment rents of over seven percent for the past three years. (Check out the Atlanta suburb that's reporting a multifamily supply strain.)