ATLANTA, GA—The Connor Group acquired Ardmore & 28th, a 165-unit apartment community at 306 Ardmore Circle Northwest in Atlanta’s affluent Buckhead submarket for $39 million.
Completed in 2017, the property is steps from the Northside Trail of the Atlanta Beltline and directly adjacent to South Buckhead’s medical corridor that includes Piedmont Hospital and Shepherd Center.
CBRE’s Shea Campbell represented the seller, CF Real Estate Services, in this transaction.
“The property’s boutique size and distinctive design cater to an affluent demographic. Its unique three- and four-bedroom townhomes are a perfect fit for families drawn to Ardmore’s excellent schools and upscale neighborhood surrounding,” says Campbell, senior vice president at CBRE. “Ardmore & 28th is centrally located between Atlanta’s most rapidly-expanding employment nodes, which makes this a great investment.”
Ardmore & 28th was 96%-leased at the time of sale. The property’s amenity package includes an elegant clubhouse, executive conference room, dog park, pet spa, controlled access, fitness center with yoga and Pilates room, a resort-style swimming pool, and outdoor gaming and grilling areas.