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H.I.G. Realty Partners Originates $69M Acquisition Loan for Atlanta Multifamily
H.I.G. Capital affiliate H.I.G. Realty Partners has originated a $68.7 million loan to finance the purchase of Virginia Highlands Apartment Homes, a 270-unit multifamily in Atlanta’s Virginia Highlands neighborhood.
MSC Investments is acquiring the property, which borders the Atlanta BeltLine. MSC Investments is planning a renovation program to upgrade the units to market-leading quality and will construct a new amenity center at the property.
Virginia Highlands Apartment Homes is a short walk from many of Atlanta’s amenities, including The BeltLine, Piedmont Park, Ponce City Market and Midtown.
H.I.G. Realty Partners is the real estate platform of H.I.G. Capital, a leading global alternative assets investment firm with $48 billion of equity capital under management.
- ◦Sale/Acquisition
