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Atlanta & Southeast  + Apartments  |  August 14, 2019
David Cohen
By: David Cohen

Regions Provides $39M Construction Loan for ATL MF Project Near The Battery

Regions Bank’s Atlanta Real Estate Banking office has provided a $39 million construction loan for Cumberland Shores, a 281-unit multifamily project nearby SunTrust Park and The Battery Atlanta.

The project will consist of 182 one-bedroom units, 85 two-bedroom units, nine three-bedroom units and five studio units. The community will feature granite countertops, gourmet kitchens and in-unit washer and dryers. Amenities will include a fitness club with a locker system, modern pool and gas grills, roof lounge area, conference room and secured parking access. Construction is expected to be complete in August 2021.

Regions provided the financing to a joint venture between Pollack Shores Real Estate Group and a client advised by Principal Real Estate Investors. Matrix Residential, Pollack Shores’ management arm, will manage the community.

It’s time to register for this year’s Connect Texas Multifamily Conference on Aug. 15! For information and to register, click here.

For comments, questions or concerns, please contact David Cohen

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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.
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