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Atlanta & Southeast  + Apartments  |  December 3, 2019
David Cohen
By: David Cohen

Resolute Real Estate Snags 269-Unit Sandy Springs MF Community

Owner-Operator Resolute Real Estate has acquired The Reserve at Ridgewood, a 269-unit, garden-style apartment community in the Atlanta suburb of Sandy Springs. The sales price was not disclosed. The community is now being managed by Stonemark.

The Reserve at Ridgewood is located at 7100 Roswell Rd., and consists of one, two and three-bedroom apartments ranging from 854 to 1,530 square feet. All homes feature stainless steel appliances, full-size washers and dryers, screened-in patios and balconies and wood burning fireplaces. Amenities include a resort-style pool, sundeck with cabanas, tennis court, playgrounds and a 24-hour fitness center that extends into an outdoor fitness area.

Kristian Lichtenfels, Eric Tupler and Ware Shipman of JLL secured $36 million in acquisition financing for the property on behalf of Resolute Real Estate. The seller was not disclosed.

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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