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Pollack Shores Acquires Suburban Apartment Community

The acquisition represents the firm’s broader suburban investment strategy.

Discovery at River Bend, 3350 Peachtree Industrial Blvd., Duluth, GA Discovery at River Bend, 3350 Peachtree Industrial Blvd., Duluth, GA

ATLANTA, GA—Multifamily developer and investment firm Pollack Shores Real Estate Group is acquiring Discovery at River Bend in Duluth, GA. The 256-unit community is located at 3350 Peachtree Industrial Boulevard just minutes from Downtown Duluth, the area’s top employers, a grocery-anchored shopping center and several quality restaurants.

The sale price was not disclosed, but the property was previously sold in February 2016 to a joint venture of Admiral Capital Group and McCann Realty Partners, who acquired it from Resource Real Estate for $24.8 million, according to Real Capital Analytics, a proprietary research database.

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Steve Lubetkin

Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].

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