September 5, 2019

Gallery Apartments Sold

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the sale of its ownership interest in Gallery Apartments (“Gallery”) on September 5, 2019. An affiliate of Atlantic Creek and its joint venture partner (the “JV”) acquired the 378-unit property on November 30, 2015.

The Property is located in Marietta, Cobb County, GA in the Atlanta MSA. Located approximately 15 miles northwest of the Atlanta Central Business District, Marietta’s City Council passed a $68.0 million bond referendum aimed at redeveloping the Franklin Road corridor into a mixed-use thoroughfare with plans for the development of new office, retail, and green spaces. Additionally, the property is located 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 office, retail, and multi-family commercial real estate, 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.