Constructed in 1990, the property features one- and two-bedroomunits with an average unit size of 776 sf. Property amenitiesinclude a pool, Jacuzzi, billiards room, fitness center, grillareas, underground parking and a business center. Occupancy levelat the time of the sale was 90%.

|

The property is located near Roswell Road and in close proximityto Interstate 285 and Georgia 400, which provides access to theCentral Perimeter and Buckhead submarkets. The property is also ashort drive away from healthcare facilities in Northside Hospital,St. Joseph's, Children's Healthcare of Atlanta, and the EmoryClinic.

|

"The Atlanta market has been a home run market for our investorsand associates," says the Connor Group founder and managing partnerLarry Connor, in a prepared statement. "We like the long-termprospects here and will continue to look for acquisitions that webelieve fit our strengths."

|

Started in 1992, the Connor Group entered the Atlanta market in2003 and currently owns and operates 13 apartment communities withan asset value of $283 million. The company owns 44 apartmentcommunities in Atlanta; Dallas; Raleigh, NC; Cincinnati; Columbusand Dayton, OH.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.