The Reserve at Ridgewood
SANDY SPRINGS, GA—Denver-based Resolute Real Estate has purchased The Reserve at Ridgewood, a 269-unit, garden-style community in this north Atlanta suburb. The purchase price was not disclosed. JLL arranged $36 million in acquisition funding.
JLL worked on behalf of Resolute to place the 12-year, fixed-rate loan with three years of interest-only payments with a correspondent lender. Resolute was formed in 2018 with a long-term investment strategy in multifamily real estate, according to the company.
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