Pennsylvania-based Adams Investor Group has acquired East Ponce Village, a 977-unit garden-style multifamily community in Tucker. The sales price was $75 million.
Located at 1310 Wood Bend Drive, the property was formerly known as 13Ten. The property consists of one- and two-bedroom floor plans with walk-in closets and washer and dryer connections. Amenities include a clubhouse, business center, swimming pools, an outdoor area with grilling stations, a fitness center and racquetball and tennis courts.
Judy MacManus, Matt White, Paul Vetter and Andrew Mays of Berkadia’s Atlanta office represented Adams Investor Group in the acquisition. The seller was Toronto-based Medallion Corp.
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.