Northwood Ravin Takes in $258M for Two Residential Communities in Decatur

Charlotte, NC-based Northwood Ravin has sold multifamily properties Abberly Skye for $162.5 million and Abberly Onyx for $95 million. The Class A, five-story apartment communities are in the Atlanta submarket of Decatur, GA.

Matthew Lawton, Vic Ciancetta, John Weber, Bill Shippen, Amalia Londono and Nick Brown of JLL represented the buyer of assets, Blacksburg, VA-based HHHunt. Travis Anderson of JLL secured the floating-rate, bridge loan financing on behalf of the new owner ($104.9 million for Abberly Skye and $61.4 million for Abberly Onyx).

JLL has been named by HHHunt to represent it for a large capital placement of a 1031 transaction to acquire a total five Class A multi-housing assets in Nashville, Atlanta and Charlotte.

The 405-unit Abberly Skye (formerly Scott Crossing) was developed in 2020, and the 250-unit Abberly Onyx (formerly Point on Scott) was developed in 2017. Both properties feature fitness centers, pools, golf simulators, saunas, dog parks, lounge areas outdoor courtyards and more.

Photo: Abberly Sky

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About Lisa McDuffie

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.

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