Situated within the master-planned community Wellen Park, the development is located near the Atlanta Braves spring training facility and a Publix-anchored retail center.

The project is slated for completion in late 2023.

"Our build-for-rent strategy centers on creating a differentiated rental product that addresses the current housing affordability crisis and serves the changing demographic landscape of the country," says Steve Iannaccone, partner at Halstatt Real Estate Partners. "Build-for-rent housing is a multifamily product innovation that has emerged as a housing alternative for many would-be home buyers who are facing a lack of affordable options within the residential for-sale market,"

Iannaccone adds, "Halstatt's partnership with Coastal Ridge to develop Stillwell at Wellen Park is another exciting step towards executing on our build-for-rent strategy, and we are thrilled to break ground on a project that provides an exciting new rental offering in a beautifully planned community."

"Coastal Ridge is excited to break ground on Stillwell at Wellen Park," says Andy Lallathin, managing partner at Coastal Ridge Real Estate. "We've long seen development as the final spoke in our organization's wheel, rounding out our institutional investment and best-in-class operations platforms, and we're thrilled to be partnering with Halstatt to bring this innovative new product type to life within the Wellen Park Community."