Property Acquisitions and Dispositions

250-unit Legends Lake Creek is fifth purchase for Texas-based real estate company in 2021

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Legacy at Lanier apartments in Gainesville, Ga.

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Legacy at Lanier apartments in Gainesville, Ga.

SANDY SPRINGS, GA. – Privately-held real estate investment firm 29th Street Capital (29SC) has acquired two apartment communities totaling 411 units in Sandy Springs, Georgia for the total sale price of $81.4 million. The purchase of ReNew at Sandy Springs (being re-branded to Aqua at Sandy Springs) and Spalding Bridge Apartments marks the firm’s 12th and 13th multifamily acquisitions in the Metro Atlanta area, totaling nearly 3,000 units in the market.

 The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, and Phoenix Capital Holdings, Ltd., an independent private equity investment manager, announced the sale of Altís Grand at the Preserve, located in Odessa, Florida, to LaSalle Investment Management. Newmark Group, Inc. a commercial real estate service company, led by Vice Chairman Patrick Dufour, represented the sellers in the disposition to LaSalle Investment Management.

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