Miami, FL-based Westside Capital Group has acquired The Lofts at Twenty25, a 16-story residential tower in Atlanta, GA for $136 million. The purchase is the firm’s first in Atlanta.

Charles Foschini, Chris Apone and Shannon Wilson of Berkadia arranged a 104.5-million acquisition loan on behalf of Westside. Harbor Group International provided the five-year, floating-rate loan, which includes future funding for capital improvements.

The property was built in 1951 and redeveloped in 2021 as a new building with one-bedroom units. It sites at the intersection of Atlanta’s Buckhead and Midtown on Peachtree Road, which encompasses 3.6 million square feet of medical space and supports approximately seven thousand medical jobs, is located immediately adjacent.

Westside owns approximately $1.2 billion of multifamily and mixed-use assets and land in AL, FL and GA. It also has a development pipeline of approximately $3 billion of multifamily and mixed-use assets on developable land it owns, primarily in FL.