Hudson Capital Properties Gets $144M for 434-Unit Community in Atlanta
Hudson Capital Properties has completed the $143.5-million sale of Hudson Ridge Apartments in Atlanta, GA to L+M Fund Management. Kevin Geiger of CBRE represented HCP in the transaction.
HCP purchased the community, in Atlanta’s Cumberland submarket, in 2016 and subsequently executed a full renovation program.
“Hudson Ridge was by far the largest acquisition we had made at the time in 2016 which is indicative of our conviction in the Atlanta market and our strategy for the asset,” said Robert Cohen II, CIO at HCP.
The 1998-constructed property on Windy Ridge Lane has had three owners. It is located near more than 100 Fortune 500 companies in the Cumberland submarket and within walking distance of The Battery Atlanta with upwards of 400,000 square feet of retail and the 41,500-seat Truist Park, home to the Atlanta Braves and a host of year-round events. A burgeoning retail, shopping and entertainment district with numerous Class-A office developments is also nearby.
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.