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Atlanta & Southeast  + Southeast  + Apartments  | 
Carter Multifamily has purchased a 224-unit garden style apartment community in Macon, GA, for $41 million.

Carter Multifamily Spends $41M for 224-Unit Macon Apartment Community

Carter Multifamily has purchased Adrian on Riverside, a 224-unit garden style apartment community in Macon, GA, for $41 million.

“We’re excited to continue to grow our footprint in a market supported by excellent growth fundamentals, favorable renter demographics, and limited new supply,” said Ray Hutchinson, chief investment officer of Tampa, FL-based Carter Multifamily. We believe that Macon’s growing job base, high average household incomes, and favorable rent trends will continue to fuel demand growth for high-quality, affordable multifamily housing,”

Built in two phases in 2003 and 2009, Adrian on Riverside spans 32.47 acres of land with proximity to area employers, as well as local dining, shopping, and recreation. The community features one-, two-, and three-bedroom units and amenities including a resort-style swimming pool, fitness center, grill and sundeck, playground, game room and movie theater.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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