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HHHunt Drops $258M for Duo of Decatur Residential Communities
Blacksburg, VA-based HHHunt has acquired two apartment communities in Decatur, GA for a collective $258 million. Charlotte, NC-based Northwood Ravin was the seller of both Class A, five-story properties.
JLL facilitated the $162.5-million acquisition of and the $104.9-million financing for Abberly Skye, as well as the $95-million acquisition of and the $61.4-million financing for Abberly Onyx.
Matthew Lawton, Vic Ciancetta, John Weber, Bill Shippen, Amalia Londono and Nick Brown of JLL represented the buyer. Travis Anderson of JLL secured the floating-rate, bridge loan financing on behalf of the new owner.
JLL has been named by HHHunt to represent it for a large capital placement of a 1031 transaction to acquire a total five Class A multi-housing assets in Nashville, Atlanta and Charlotte.
The 405-unit Abberly Skye (formerly Scott Crossing) was developed in 2020, and the 250-unit Abberly Onyx (formerly Point on Scott) was developed in 2017. Both properties feature fitness centers, pools, golf simulators, saunas, dog parks, lounge areas outdoor courtyards and more.
Photo: Abberly Sky
- ◦Sale/Acquisition
