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  + Georgia  + Apartments  | 

Georgia Multifamily Trades for $47M

JLL Income Property Trust paid $47 million to acquire the 210-unit Reserve at Johns Creek Walk, situated in the affluent Atlanta suburb of Duluth, GA. The 10-year-old apartment complex was developed and sold by Atlantic Realty Partners.

Situated on 26 acres at 11055 Bell Rd., Reserve at Johns Creek Walk includes 50,000 square feet of neighborhood retail space and 20,000 square feet of office. The mixed-use development is in the 1,900-acre master-planned Johns Creek.

“The Reserve at Johns Creek furthers our apartment acquisition strategy of identifying suburban locations within highly rated school districts with attractive demographics and significant barriers to entry,” said Allan Swaringen, president and CEO of JLL Income Property Trust. “This investment brings our aggregate apartment allocation to nearly $650 million, with over 2,500 total units, and represents 27 percent of the value of the overall JLL Income Property Trust portfolio.”


Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Connect

Inside The Story

Read More at JLL Income Property Trust

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition
Chase-19-cube
TheGuarantors-01-cube
Money360-26-cube