ATLANTA—Madison at River Sound, a 586-unit multifamily community in the suburban city of Lawrenceville, GA, outside Atlanta, has traded hands. Financial terms of the deal were not disclosed.

American Landmark, one of the fastest-growing multifamily owner-operators in the country, acquired, the asset. Investors Management Group of Los Angeles sold the multifamily property. Berkadia arranged the financing.

“This was a great opportunity to acquire a well-located property in need of full renovation in an area where we have experience and depth,” says Christine DeFilippis, Chief Investment Officer of American Landmark. “The property is in one of the fastest growing suburbs of Atlanta, close to major employers including Cisco and Georgia Gwinnett College.”