Deal Snapshot
THE FRANKFORTER GROUP MAKES USD 39.5M ACQUISITION IN THE ATLANTA MARKET
Monday 20 May 2019

Canadian real estate investment firm Frankforter Group has recently acquired a 623 units multifamily portfolio in the Atlanta, Georgia region for USD 39.5m, the firm said. The portfolio includes the Preserve at Collier Ridge, a 419-unit multifamily asset, and Orchard Walk, a 204-unit multifamily asset.
Both properties benefit immensely from their locations. The Preserve at Collier Ridge, built in 1971, is located in the exclusive Buckhead neighbourhood just a mile away from the I-75 Freeway. While Orchard Walk, built in 1970, has easy access to I-20 and I-285 and is in short distance from the South Dekalb Mall.


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Details
Date Published: 20/05/2019
Target: Preserve at Collier Ridge, Orchard Walk
Country: USA
Deal Size: 39.5m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Closed
Vendor:
Buyer: Frankforter Group
Comment:


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