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29th Street Capital Acquires 300-Unit MF Property in Metro Atlanta
Privately-held real estate operator 29th Street Capital has acquired Lake House at Martin’s Landing, a 300-unit multifamily property in Atlanta’s North Fulton submarket. The sales price and seller was not disclosed.
Located at 1500 Harbor Landing, the community is approximately 23 miles northeast of downtown Atlanta. The community consists of a mix of two-, three-, and four-bedroom units. Residents also have access to the 53-acre Martin Lake as well as a 2.4-mile walking and jogging trail around the lake. 29th Street Capital plans to add value to the property with light upgrades to 282 apartments that were previously improved by the seller plus full interior renovations on 18 classic units. The firm will also improve the exteriors and amenities.
“The Lake House at Martin’s Landing is located in the middle of one of the highest growth corridors between North Fulton and the Central Perimeter employment centers,” said Royce Baptist, vice president at 29SC in Atlanta. “Between the abundance of jobs and proximity to Martin Lake, this asset offers a great work/lifestyle balance.”
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
