ATLANTA—Peachtree Apartments, a 19-story, 236-unit class Amultifamily asset in Atlanta's Buckheadneighborhood, has won the confidence of investors.HFF arranged a $33.25 million acquisition loan foran affiliate of Waterton Associates, aChicago-based investment firm specializing in the ownership andmanagement of multifamily properties.
2460 Peachtree Apartments is located at the intersection ofPeachtree Road Northwest and Lindbergh Drive Northeast. Themultifamily asset was partially renovated in 2013and features and is 98% leased.
“This acquisition serves to expand Waterton's presence in theAtlanta marketplace,” HFF director Stephen Skok,tells GlobeSt.com. “In addition to 2460 Peachtree, the firm ownsfive other multi-housing properties in the area totaling 1,616units.”
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