October 26, 2020

Element 41 Sold

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the sale of Element 41 on October 26, 2020. An affiliate of Atlantic Creek and its joint venture partner (the “JV”) acquired the 494-unit class B+ property on January 19, 2017.

Located approximately 15 miles northwest of the Atlanta Central Business District, Marietta’s City Council passed a $68.0 million bond referendum that was utilized to redevelop the nearby Franklin Road corridor into a mixed-use thoroughfare with new office, retail, and green spaces. Additionally, the property is located directly adjacent to another former Atlantic Creek property, The Gallery Apartments, and approximately three miles north of the new Atlanta Braves baseball stadium.

Atlantic Creek has offices in New York, NY and Palm Beach, FL and targets direct and joint venture investments in opportunistic and value add multi-family, office, and other property types primarily located on the East and West Coasts of the U.S., Texas, and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.