June 16, 2022
Southwood Vista Sold
Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the sale of an Atlantic Creek affiliate’s interest in Southwood Vista (“Southwood” or the “Property”) on June 16, 2022. An affiliate of Atlantic Creek and its joint venture partner (the “JV”) acquired the Property in January 2021. Southwood is comprised of a 300-unit, class B+, garden-style, multi-family apartment community consisting of 11, three and four-story buildings.
The Property is situated directly along State Route GA-154 / GA-166 providing connection to Interstate-285, Interstate-85, and Interstate-75 facilitating easy access to many of the area’s major employment hubs including Atlanta Hartsfield Airport and the Fulton Industrial District, collectively accounting for nearly 100,000 jobs at the time of acquisition. Other employment drivers within the immediate area include the South Atlanta Industrial Corridor, Wellstar South Atlanta, College Park, and Tyler Perry Studios (6-miles east of the Property). In addition to South Atlanta’s employment drivers, the Property is also within a 20-minute drive from downtown Atlanta which hosts approximately 200,000 employees, according to Central Atlanta Progress at the time of acquisition. These transportation routes afford residents of the Property convenient access to major nearby employment, medical and educational nodes and commercial/retail points of interest.
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 Jon Trucano, Senior Vice President, at (561) 275-7702.