Atlanta

“The property's boutique size and distinctive design cater to an affluent demographic," says CBRE's Shea Campbell.

“The Sandy Springs area has experienced strong and steady population growth over the past decade, making the acquisition of Northridge a terrific, long-term hold investment opportunity,” says Robert B. Cohen II, chief investment officer of HCP.

Arbor provided $51.3 million in financing for the Reven SFR Portfolio, an 824-unit portfolio located in Jacksonville, FL; Memphis, TN; Atlanta, GA; Birmingham, AL and Houston, TX under the Freddie Mac Single-Family Rental pilot.

The Fitwel Certification System is a third-party, evidence-based global building certification system that promotes public health through building design.

"The dynamic of muted wage growth in the low-to-medium skill jobs and a growing middle-class renter cohort leads us to invest in the space that has the highest demand with little to no new supply,” says M. Patrick Carroll, chief executive officer of Carroll Organization.

This marks the 12th acquisition in 2018 for Coastal Ridge and its first in the new joint venture with Sefira.