Atlanta & Southeast News In Your Inbox

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

Sub Markets

Property Sectors


Atlanta & Southeast  + Atlanta Metro  + Apartments  | 

Praedium Group Acquires 316-Unit Sugar Hill Apartment Community

New York-based national real estate investment firm Praedium Group has acquired Broadstone Sugar Hill, a 316-unit multifamily property located in the City of Sugar Hill in metro Atlanta. The sales price and seller was not disclosed.

Broadstone Sugar Hill features unit interior finish levels, modern gourmet kitchens with stainless steel appliances, granite or quartz countertops, Moen fixtures in the kitchen and bathrooms, custom cabinets and shelving, porcelain tile in the bathrooms and push button garbage disposals. The property also features a two-story parking deck in addition to surface parking. Amenities at the property include a resort style pool, entertainment parlor and resident library, fitness center and yoga room, outdoor grilling stations and dining areas.

“Broadstone Sugar Hill is a unique multifamily community adjacent to a successful Town Center redevelopment,” said Peter Calatozzo, principal at Praedium Group. “Residents benefit from having on-site retail and downtown access with walkability to the Town Center amenities, which includes restaurants, boutiques, a museum and art gallery and several other lifestyle offerings. In addition, as our second acquisition in Gwinnet County this year, we believe the Property is well situated to benefit from the broader growth prospects of the county and the Atlanta MSA.”


Inside The Story

Praedium Group’s Calatozzo

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.