Atlanta

The 894-bed Retreat at Orlando student housing complex was sold by a subsidiary of Inland Private Capital on behalf of one of its 1031 investment programs to Preferred Apartment Communities of Atlanta. PAC acquired the property through its wholly-owned subsidiary Preferred Campus Communities, LLC.

The new owners plan to spend approximately $3.2 million on a repositioning strategy, including renovation of common areas, amenities, and unit interiors.

Major employers locating in the Alpharetta/Roswell area are all great amenities that make the property attractive, says Kevin Geiger, vice chairman at CBRE.

Varden Capital Partners repositioned the assets following a bulk purchase, and made healthy profits for investors while leaving a great value-add path ahead for Blue Rock, says Cushman & Wakefield's Tyler Averitt.

“The property's strategic location provides Atlanta's best overall access to the major employment centers of Buckhead, Midtown, Downtown and Cumberland/Galleria,” says CBRE's Kevin Geiger,

Stepstone Hospitality of Providence, RI has been retained by Tishman to manage the three new hotel properties, according to Hunter Hotel Advisors.

Interior Logic Group is the largest nationwide provider of outsourced design centers to homebuilders.

"Keith is known for his collaborative approach, and is well-respected for his strategic thinking," says Rick Carruthers, Century's regional president, southeast region.