RangeWater, Nippon Steel Buys Apartment in Atlanta

RangeWater Real Estate and Nippon Steel Kowa Real Estate have acquired an expansive apartment community in metro Atlanta.

The companies purchased Avana Druid Hills, which will be renamed The Dakota at Druid Hills, located at 3471 N. Druid Hills Road in Decatur. This is part of the multifamily real estate company RangeWater’s strategy to meet housing demand by purchasing communities in neighborhoods across the Sun Belt.

Decatur’s Druid Hills area is one of Atlanta’s first suburbs, featuring tree-lined streets, shops, movie theaters and location near Emory University and the Centers for Disease Control. The garden-style community was built in 1985 and has 228 units.

RangeWater will continue to add amenities at The Dakota, including an outdoor pavilion, kitchen, and picnic areas, a pool, private tennis courts, fitness center, car care center, business center and an updated clubhouse. RangeWater will also invest in improvements to the interiors so the property will maintain a competitive advantage.