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S2 Capital, LLC, has acquired four multifamily communities in Atlanta and Norcross, GA.

S2 Capital Acquires Four Properties in Atlanta Multifamily Portfolio

S2 Capital, LLC, has acquired a four-property portfolio of multifamily communities in Atlanta and Norcross, GA.

Mark Brandenburg, Lauren Dow and Michael Cosby at JLL helped secure financing for Dallas, TX-based S2. Nathan Swenson and Brooks Colquitt at Cushman & Wakefield represented the seller.

“The Atlanta area is a great fit for our value-add strategy targeting workforce housing, particularly in the Northlake/Norcross submarket where almost 40% of residents are renters,” said Davey Leach, VP of Acquisitions at S2. “The opportunity to renovate four properties in the same submarket to a similar standard leads to immediate economies of scale that will benefit our tenants as well as our investors.”

S2 expects to spend $5 million in renovations at each of the 1980s two-story, garden-style communities.

  • Cornerstone Apartment Homes, 344 units, Atlanta
  • Sonoma Ridge Apartment Homes, 440 units, Atlanta
  • Pointe at Norcross, 320 units, Norcross
  • Woodland Ridge Apartments, 302 units, Norcross

Photo: Woodland Ridge Apartments

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S2 Capital, LLC's Leach

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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