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Peachtree Highrise Flips for $118.6M
Waterton has paid $118.6 million for the 33-story residential tower, 903 Peachtree. CA Ventures was the seller of the building, which came out to $277,751 per unit
The highrise has studio, one-bedroom, two-bedroom and three-bedroom units, ranging from 336 to 1,884 square feet. Rents start at $1,680 for a studio and go up to more than $4,000 for a three-bedroom floor plan.
The building opened in 2023. It is located near the intersection of Peachtree and 8th streets.
Waterton was founded in 1995. The firm’s portfolio includes about $10 billion in real estate assets, with a presence in more than 25 markets across the U.S. Waterton is headquartered in Chicago, with regional offices around the country.
The Atlanta Business Chronicle reports so far, the largest multifamily transaction this year is Equity Residential’s buy of a 319-unit apartment project in Old Fourth Ward for $126 million.
- ◦Sale/Acquisition
