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.