Atlanta & Southeast News In Your Inbox
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Resia Finalizes $60M Build Loan for Atlanta Apartment Community
Resia (formerly AHS Residential) has closed on $60 million in construction financing for a 476-unit apartment community located in northeast Atlanta, GA. Bank of America has provided the financing, which is Resia’s third in GA and is expected to be delivered in the third quarter of 2023.
The multifamily is located on 4151 Memorial Drive. It will deliver 476 workforce units (20% of which will be AMI restricted) across five seven-story mid-rise buildings. Amenities include assigned parking, business center, and multipurpose clubhouse, pool and fitness center.
Resia has a corporate goal of delivering 8,000 new apartments annually by 2025. Its mission is to address the US housing crisis by building quality apartments in growing metros where many renters are getting priced out by rising rents.
- ◦Development
