Connect News Commercial Real Estate news for every market and every facet, every day.
Connect Events Live and virtual events bringing together the best of information and networking.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Atlanta & Southeast  + Apartments  |  November 1, 2020
David Cohen
By: David Cohen

Blue Lake Capital Snags Marietta Apartment Community for $80M

Blue Lake Capital has acquired Element 41, a 494-unit multifamily property in the Atlanta suburb of Marietta. The sales price was $80 million. The property was acquired in partnership with Vive Funds LLC.

Element 41 is located at 991 Wylie Rd. The property offers a community amenity package that includes outdoor gyms, game courts, trails, barbecue areas, seating areas, two dog parks and a soccer field.

Blue Lake Capital, has achieved up to 28% rent growth throughout COVID for its other Atlanta based properties. Rent growth in the Marietta submarket over the past 12 months was more than 5%. The seller was not disclosed.

For comments, questions or concerns, please contact David Cohen

Connect

Inside The Story

Connect With Blue Lake Capital

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.
Order Reprints

Apartment buildings for sale

Check out the latest properties available on apartmentbuildings.com

View all apartments
  • ◦Sale/Acquisition
New call-to-action
New call-to-action