August 21, 2020

Solis Decatur Sold

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the sale of Solis Decatur on August 21, 2020. An affiliate of Atlantic Creek and its joint venture partner (the “JV”) developed the new 290-unit class A multi-family project that was completed in August 2019.

The property is located less than one mile outside of the city of Decatur, GA, within unincorporated Dekalb County, GA. Solis Decatur is approximately six miles southeast of Buckhead and six miles northeast of Midtown/Downtown Atlanta, two of the largest office and retail centers in the Atlanta MSA. The property is in close proximity to major employers including top universities, healthcare facilities and retailers that serve as vital economic drivers to both Metro Atlanta and the local Decatur community. Specifically, the property is located within two miles of Emory’s prestigious University Hospital, the national headquarters for the Center for Disease Control, Atlanta VA Medical Center and DeKalb Medical at North Decatur (directly across the street) which combine for approximately 20,000 healthcare related jobs at the time of acquisition. Emory University, a top ranked private institution, is also located less than two miles west of the Property and together with Emory University Hospital is the second largest employer in Metro Atlanta. Furthermore, the Property is located approximately 1.4 miles from downtown Decatur, a very walkable downtown which contains nearly two million sf of office space, a full array of restaurants, bars, boutiques and entertainment venues, and a MARTA station connecting Decatur to Downtown Atlanta.

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.