ATLANTA—Landmark at Creekside Grand, a multifamily property in East Point, GA, has traded hands. Financial terms of the deal were not disclosed.
Led by principals Shawn Collins and Neil Herceg, Blackmount Real Estate Partners acquired the townhome asset. The deal marks Blackmount's first purchase in metro Atlanta. CBRE's Shea Campbell represented the seller.
“Atlanta remains a desirable multifamily market, with almost six million residents and a projected growth of over 7% through 2020,” Campbell tells GlobeSt.com. “The tremendous job growth of more than 300,000 new jobs in the last five years, coupled with a sharp reduction in multifamily construction after 2017, has investors recognizing the potential in the existing projects throughout metro Atlanta.”
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