The Perimeter Center submarket is home to 123,000 jobs and 31 million square feet of office space, with 1.5 million square feet leased in 2016. Perimeter Center submarket has long been metro Atlanta's largest office submarket for a variety of reasons, but one of its greatest advantages is its accessibility via the Interstate 285/GA 400 interchange.

(Dunwoody's multifamily market is flexing its muscles with investors. Get all the details.)

“Atlanta is an incredibly attractive market that we have great familiarity with,” says Govan D. White, managing partner and co-founder of Covenant Capital Group. “We're excited to have found these tremendous opportunities to grow our portfolio and enhance apartment communities in areas that are attractive to residents and employers.”

With Atlanta's standing as a large IT, software and financial labor force powerhouse, the potential labor pool can be accessed easily. This strategic interchange also provides Atlanta's best overall access to the major employment centers of Buckhead, Midtown, Downtown and Cumberland and Galleria. With a new $800 million improvement project to the interchange underway, Perimeter Center's ability to attract employers will only be strengthened for years to come.

“Atlanta is seeing continued rent growth due to its increasing population and subsequent job creation,” says Geiger tells GlobeSt.com. “It is not unusual for the suburban parts of Atlanta to experience organic rent growth, which peeks investors' interest. Atlanta is one of the few markets nationwide that inks solid rent growth and occupancy growth at this late stage in the cycle, and as investors seek value-add opportunities, the three suburban properties in this portfolio provide the opportunity through renovations.”

ATLANTA—The multifamily portfolio The Falls at Sandy Springs and The Mosaic at Sandy Springs, both in Atlanta's Perimeter Center submarket, have traded hands. The sale price: $91.5 million.

CBRE's Kevin Geiger represented the seller, The Family Office and Titan Real Estate Investment Group, in the transaction. Covenant Capital Group purchased the multifamily properties.

Located at 5555 Roswell Road, The Falls at Sandy Springs has 309 multifamily units and is 92% occupied. The Mosaic at Sandy Springs, located at 5675 Roswell Road Northeast, has 505 units and is 96% occupied.

“With easy access to retail, transportation, high walkability, and a thriving employment area, The Falls and The Mosaic are excellent assets which we are glad to have represented,” says Kevin Geiger, vice chairman at CBRE. Both multifamily properties are within the rapidly transforming Roswell Corridor where $1 billion of commercial and residential projects are underway.

The Perimeter Center submarket is home to 123,000 jobs and 31 million square feet of office space, with 1.5 million square feet leased in 2016. Perimeter Center submarket has long been metro Atlanta's largest office submarket for a variety of reasons, but one of its greatest advantages is its accessibility via the Interstate 285/GA 400 interchange.

(Dunwoody's multifamily market is flexing its muscles with investors. Get all the details.)

“Atlanta is an incredibly attractive market that we have great familiarity with,” says Govan D. White, managing partner and co-founder of Covenant Capital Group. “We're excited to have found these tremendous opportunities to grow our portfolio and enhance apartment communities in areas that are attractive to residents and employers.”

With Atlanta's standing as a large IT, software and financial labor force powerhouse, the potential labor pool can be accessed easily. This strategic interchange also provides Atlanta's best overall access to the major employment centers of Buckhead, Midtown, Downtown and Cumberland and Galleria. With a new $800 million improvement project to the interchange underway, Perimeter Center's ability to attract employers will only be strengthened for years to come.

“Atlanta is seeing continued rent growth due to its increasing population and subsequent job creation,” says Geiger tells GlobeSt.com. “It is not unusual for the suburban parts of Atlanta to experience organic rent growth, which peeks investors' interest. Atlanta is one of the few markets nationwide that inks solid rent growth and occupancy growth at this late stage in the cycle, and as investors seek value-add opportunities, the three suburban properties in this portfolio provide the opportunity through renovations.”