Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Atlanta & Southeast  + Apartments  |  November 11, 2020
David Cohen
By: David Cohen

JV Acquires Two-Property Atlanta MF Portfolio

A joint venture between PCCP, CARROLL and LCOR Inc. has acquired The Cascade at Morgan Falls and The Fountains at Morgan Falls, two adjacent apartment communities totaling 1,180 units in metro Atlanta’s Sandy Springs. The seller and sales price were not disclosed.

Originally built in the 1980s, the properties are located at 8085 Adair Lane and 8075 Adair Lane. The properties are spread across 60 two- and three-story buildings on more than 100 acres. Amenities include several pools, three clubhouses, jogging/walking trails, fitness centers, tennis courts and a car wash.

“This is a compelling opportunity to acquire assets with strong cash flow and upside potential in a high barrier to entry, affluent and centrally located Atlanta suburb,” said Kevin Chin, senior vice president at PCCP. “With a strategic, value-add renovation to the individual units, common areas, and amenities, we believe we will be able to help meet demand from area renters seeking a high-quality rental community.”

For comments, questions or concerns, please contact David Cohen

Connect

Inside The Story

Connect With PCCP’s ChinConnect With CARROLL

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
Order Reprints
  • ◦Sale/Acquisition
New call-to-action
New call-to-action