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Atlanta & Southeast  + Apartments  |  February 12, 2020
David Cohen
By: David Cohen

Black Creek Group Snags 384-Unit Apartment Community in Sandy Springs for $117M

Real estate investment manager Black Creek Group has acquired Hanover Perimeter, a 384-unit apartment community in Sandy Springs. The sales price was reported as $117 million.

Built in 2018, the community consists of a mix of one and two-bedroom units, ranging from 812 to 1,220 square feet. Features include granite slab and quartz countertops, chef’s kitchens with stainless appliances, and full-size washer/dryers. Black Creek plans to rebrand the community to Arabelle Perimeter.

“Hanover Perimeter is a premier, luxury property that is in line with Black Creek’s strategic approach of expanding our presence in the multifamily sector,” said Chris Westcott, senior vice president of multifamily acquisitions at Black Creek Group.

CF Real Estate Services has been tapped to manage the property.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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