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Columbia Residential and Partners Preserve Capitol View Apartments

“Projects like Capitol View Apartments are a commitment to our historic communities and residents for generations to come,” says Dr. Eloisa Klementich, president and CEO of Invest Atlanta.

Dr. Eloisa Klementich, President and CEO of Invest Atlanta Dr. Eloisa Klementich, President and CEO of Invest Atlanta

ATLANTA, GA—Columbia Residential has purchased Capitol View Apartments, located near a primary entrance to the Atlanta BeltLine’s Westside Trail in the Adair Park neighborhood. The southwest Atlanta complex will be restored and preserved, creating a high-quality affordable community directly on the BeltLine—a planned 22-mile loop of greenspace, pathways and modern streetcar designed to connect 45 intown Atlanta neighborhoods.

The purchase of Capitol View Apartments was made possible through a $5 million acquisition loan from Enterprise Community Loan Fund with a guarantee by the Casey Foundation, a $1.5 million in Housing Opportunity Bond financing from the City of Atlanta through Invest Atlanta and a $1.5 million loan from the Georgia Housing and Finance Authority. The renovation will be financed through low-income housing tax credits, historic renovation tax credits and a range of local and state housing program resources, as well as private investment.

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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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