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Atlanta & Southeast  + Atlanta  + Apartments  |  September 14, 2026
Crest at Midtown
Mike Boyd
By: Mike Boyd

Investor Takes Over Distressed Atlanta Apartment Asset

Liquid Capital Real Estate Investment basically transferred ownership of a Midtown Atlanta apartment complex to Audubon Capital. Audubon picked up the remaining unpaid balance on the loan. The Crest at Midtown property was sold outright rather than a foreclosure.

The Atlanta Business Chronicle reported the Liquid Capital affiliates acquired Crest at Midtown for $85.2 million in November 2021. Berkshire Residential Investments extended a $70.9 million loan for the purchase.

Developed by Equity Residential and completed in 2001, Crest at Midtown comprises 322 rental units and offers one- and two-bedroom floor plans. It’s located at 215 North Ave., about a mile west of Ponce City Market.

Liquid Capital also relinquished ownership of the 212-unit Optimist Lofts community fronting Piedmont Road in Buckhead in 2024.

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Audubon

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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