SAVANNAH, GA (June 21, 2023)— Atlas Real Estate Partners has acquired Latitude at Godley Station Apartments, a 256-unit Class A- multifamily community built in 2015. The property is located in Pooler, a submarket of Savannah, GA experiencing significant job and population growth.

Atlas has been active in multifamily across the Southeast for the past 14 years and continues to expand its presence in high-growth markets. The company owns and operates ~6,500 multifamily units across several states including Florida, Tennessee, Virginia, Georgia, and South Carolina.

“We’re excited to add Latitude to our portfolio and eager to unlock what we think is incredible potential in the property,” said Arvind Chary, Co-Managing Partner at Atlas. “This project perfectly fits our investment strategy of acquiring high-quality apartment communities at a discount to replacement cost that can be repositioned to create additional value.” Atlas intends to add value to the property through renovating units, upgrading the existing amenities and adding new best-in-class amenities.

Latitude at Godley Station is well-located on Benton Boulevard within Pooler, a desirable Savannah submarket just ~5 minutes from the airport and ~15 minutes from Savannah’s historic downtown. It is surrounded by attractive single-family homes, lifestyle retail, and good schools while having superb access to all major job centers including Gulfstream, JCB, Port of Savannah, downtown, and the $5.5B Hyundai mega-site which will add 8,500 direct jobs and another 5,000 indirect jobs. The property is located within a 15-mile radius of over 187,000 jobs.

“Given the rapid growth and upscaling of Pooler, we believe there is an unmet demand for modern apartments targeting the growing young professional segment in the market,” added Joe Stampone, Managing Director of Investments for Atlas.  “We intend to create a community tailored toward this demographic which will include a dog park and dog wash, pickleball court, onsite coworking, poolside grill and firepit and a café/coffee bar.”

Atlas Real Estate Partners (“Atlas”) is a multifamily-focused private investment firm with offices in New York City and Miami. Since its formation in 2009, Atlas has closed over 50 acquisitions and development projects with a total capitalization of ~$1.5B spread over 10k+ residential units and ~1.5M commercial SF with a focus in the Southeast US. 

The Hawkins represents Atlas’ second construction loan with Santander following

Westerly House in Nashville, TN 

ATLANTA, GA - Atlas Real Estate Partners, a multifamily-focused private investment and development firm with offices in New York and Miami, closed on a $41 million construction loan with Santander Bank for The Hawkins, a mixed-use multifamily community in Atlanta, GA.

The Hawkins is a Class A, mid-rise community located at 3300 Burk Dr, Atlanta, GA in the Chamblee neighborhood. The project consists of 192 units across a mix of 1-bedroom, 2-bedroom, and 3-bedroom floorplans with approximately 15,000 square feet of amenity and commercial space featuring a fitness center, co-working space, pet spa and dog park, a double-height community room integrated with an activated pool courtyard, bike room and rooftop sky lounge overlooking DeKalb-Peachtree Airport (PDK), a facility serving private aircrafts. The Hawkins is Atlas’s second of three deals in partnership with the principals of FIDES Development.

The Hawkins was acquired in July 2019 and is fully entitled. The project is set to break ground in Spring 2023. The loan was arranged by Walker & Dunlop’s Michael Diaz, Keith Kurland and Sean Reimer.

“The Hawkins complements our existing Opportunity Zone development platform perfectly,” said Alex Foster, co-founder of Atlas Real Estate Partners. “Chamblee has tripled in growth over the past decade and is poised for even more growth in the coming years due to its neighborhood charm and prime location.”

Click here for renderings of The Hawkins: https://www.dropbox.com/scl/fo/uf5y41stl1kv3g867xd09/h?dl=0&rlkey=o5szv292pvwec17a2sd736qu6

The property is conveniently located two blocks from the Chamblee MARTA Station in a transit-rich, in-town submarket which has broad appeal to young professionals seeking a walkable urban feel with suburban-like supporting retail.

“Chamblee has gone through a major transformation from a sleepy area known for antiques and manufacturing   to a vibrant urbanized suburb,” said Noah Weiss, Managing Director and COO of Atlas Real Estate Partners. “This transformation story is one of the hallmarks of Atlas development deals.”

Atlas has a proven track record and fully-integrated development team.

Since its formation in 2009, Atlas has closed over 50 acquisitions and development projects with a total capitalization of ~$1.5 billion spread over 10,000-plus residential units and ~1.5 million square feet of commercial real estate. Before its recent acquisition of The Darby, a 331-unit development located in Charleston, SC, the firm closed three single-asset multifamily Opportunity Zone Funds totaling more than $250 million in capitalization.

In addition to its extensive real estate investment and development portfolio, in late 2022 Atlas announced the launch of its fourth Opportunity Zone fund, a diversified multi-asset vehicle targeting four-to-six multifamily sites in the Southeast. The fund will capitalize an active pipeline of multifamily development projects located in high growth cities throughout the Southeast and other select markets and recently closed on a site in Charleston, SC.

FOR IMMEDIATE RELEASE

The Darby will bring more than 330 much-needed apartment units to city’s up-and-coming NoMo neighborhood 

CHARLESTON, SC- Atlas Real Estate Partners, a multifamily-focused private investment and development firm with offices in New York and Miami, completed the site acquisition for The Darby multifamily development in Charleston, South Carolina. The firm is partnering with FIDES Development on the project.

The transaction closed on Jan. 10, following an intensive two-year contract period in which full entitlements and site plan approval were obtained for the project. Financial details were not disclosed.

The Darby is a 331-unit Class A mid-rise multifamily Opportunity Zone development project located at 1590 Meeting Street Road in Charleston’s up-and-coming North-of-Morrison (“NoMo”) creative corridor. The project will consist of a mix of studios, one-bedrooms and two-bedrooms with two large southern-facing courtyards providing excellent year-round sun, an oversized pool and amenity deck, pickleball court, dog park, and ~9,000 square-feet of indoor amenity space - including a best-in-class co-working facility.

“We feel The Darby is the perfect fit for our existing Opportunity Zone development platform,” said Alex Foster, co-founder of Atlas Real Estate Partners. “Not only is Charleston one of the top places in the United States to live, work and retire, NoMo has all the hallmarks of our previous developments in Nashville’s WeHo neighborhood and we expect to see the same exponential growth.” 

The Darby is Atlas’ third ground-up development deal in partnership with the FIDES Development team. FIDES Development is an Atlanta-based real estate development firm with more than $5 billion in combined real estate development and investment experience. The firm has an active development pipeline with more than 1,800 units across the Southeast in various stages of development. 

"With apartment demand on the Charleston peninsula continuing to outpace other markets across the Southeast, and supply limited, a highly visible location such as this has strong tailwinds that don't show signs of stopping," said Heath Hans of FIDES Development. "We're excited to partner with the group of professionals at Atlas Real Estate Partners”.   

Click here for renderings of The Darby: https://www.dropbox.com/scl/fo/op33scmr44nhqeeo5xewb/h?dl=0&rlkey=jgrect892zdxadnemo2hm4p8z

NoMo is a rapidly transforming neighborhood that’s emerged as the hub of tech and trendy/hip retail and restaurants. The area has become a social hub with a variety of dining, retail, and entertainment options with sleek new housing developments, drawing a younger demographic attracted to newer, modern spaces and strong accessibility. 

Atlas has a proven track record and fully-integrated development team.

Since its formation in 2009, Atlas has closed over 50 acquisitions and development projects with a total capitalization of ~$1.5 billion spread over 10,000-plus residential units and ~1.5 million square feet of commercial real estate. To date, the firm has closed three single-asset multifamily Opportunity Zone Funds totaling over $250 million in capitalization.

In addition to its extensive real estate investment and development portfolio, in late 2022 Atlas announced the launch of its fourth Opportunity Zone fund, a diversified multi-asset vehicle targeting four-to-six multifamily sites in the Southeast. The fund will capitalize an active pipeline of multifamily development projects located in high growth cities throughout the Southeast and other select markets. 

Standard Assembly in city’s emerging Wedgewood-Houston (WeHo) Neighborhood is firm’s first Opportunity Zone project and the first Mixed-Use Multifamily Development in WeHo

NASHVILLE, TN - Atlas Real Estate Partners, a multifamily-focused private investment and development firm with offices in New York and Miami, is excited to announce that it recently welcomed the first move-ins to its latest project, Standard Assembly, on January 4th. Standard Assembly is the first of Atlas’ Opportunity Zone developments to reach completion and the first large-scale apartment project to deliver in the up-and-coming Wedgewood-Houston (WeHo) neighborhood. 

Standard Assembly offers a mix of studio, 1- and 2-bedroom apartments. The 310-unit mixed-used use project includes 13,000 SF of retail, a two-story clubhouse, unique gathering spaces, and onsite coworking and ground-floor live-work spaces. The project is being delivered in two phases, with the north building set to open in spring 2023.

Atlas Real Estate Partners along with Nashville-based Wedgewood Avenue and HY Ventures acquired the ~3.3-acre site in July 2019.

“Standard Assembly is the first Class A multifamily community in this already vibrant and creative community that has long been an artisan/maker-centric neighborhood in Nashville,” said Alex Foster, co-founder of Atlas Real Estate Partners. “By thoughtfully and responsibly maintaining this spirit through partnering with groups such as Moto Moda, this walkable neighborhood will further cultivate into the artisan/maker center of the Southeast fostering additional growth of the creative community.”

The property is infused with elements that highlight the unique character of the neighborhood, including partnering with local artists to create one-of-a-kind art pieces and designing 11 live-work spaces that are licensed for business and can function as commercial and residential spaces. Standard Assembly is uniquely designed to meet the needs of today’s entrepreneurs who want to run a business from their homes.

“Standard Assembly is more than just another apartment complex, it truly embraces the modern lifestyle while honoring the unique and vibrant WeHo community,” added Nathan Hysmith, Principal with HY Ventures. “We are thrilled to be able to partner with Atlas and Wedgewood Avenue on a project that will be unique to Nashville.”

To embrace the character of the neighborhood, the Standard Assembly team is working to curate retail experiences aimed at enhancing the resident experience. The project currently has an executed lease with Mota Moda, a family-friendly retail concept combining food and drink with a motorcycle-centric theme.

The development team included: Nashville-based EOA Architects and Hardaway Construction and WeHo-based Manuel Zeitlin Architects and Peck Design Associates .

After seeing the potential of the WeHo neighborhood, the ownership team recently broke ground on Westerly House, a 246-unit multifamily project located adjacent to Standard Assembly. The project is slated to be completed in late 2024.

Atlas was founded in 2009 by managing principals Arvind Chary and Alex Foster, with a presence in Nashville since 2016. Atlas has closed more than 50 acquisitions and development projects with a total capitalization of ~$1.5B spread over 10,000 residential units and ~1.5M commercial square footage.

In addition to its extensive real estate investment and development portfolio, Atlas recently announced the launch of its fourth Opportunity Zone fund, a diversified multi-asset vehicle targeting four-to-six multifamily sites in the Southeast. The fund will capitalize an active pipeline of multifamily development projects located in high growth cities throughout the Southeast and other select markets.

NAPLES, FL – Atlas Real Estate Partners, a multifamily-focused private investment and development firm with offices in New York and Miami, completed the sale of Meadow Brook Preserve, a 268-unit apartment community located at 1130 Turtle Creek Blvd. in Naples, Florida. The firm sold the community to Cardinal Residential Ventures. At the time of the sale, the property was ~98% occupied.

The transaction closed on November 7th.

Atlas Real Estate Partners along with Andover Real Estate Partners purchased the Naples property in 2012 for $22.9 million and renovated the entire property. The improvements included renovations of nearly 100 percent of units and extensive exterior upgrades, including a new façade and roofs, and the addition of modern amenities such as a dog park, pet washing station, and outdoor kitchen and lounge area.

“In the time we have owned Meadow Brook Preserve, we have seen Naples emerge as a top multifamily market in Southwest Florida,” said Arvind Chary, co-founder of Atlas Real Estate Partners. “The combination of incredible job and population growth, along with the execution of our value-add business plan, enabled us to increase rents and value dramatically over our hold period and generate outsized returns for our investors. We look forward to replicating this model in our target markets throughout the Southeast.”

Newmark’s Tyler Minix and Hampton Beebe represented Atlas and Andover in the sale.

The Southwest Florida multifamily market has been surging in popularity in recent years, and Naples has consistently been named a Best Place to Live, Safest Place to Live, and Best Beach Town. The Naples-Marco Island MSA was recently ranked first out of 150 markets nationally for annual effective rent growth.

“Meadow Brook Preserve is a case study for acquiring quality multifamily real estate in an emerging location, executing a tailored value-add strategy, and holding long-term,” said Rob Stone, founder of Andover Real Estate Partners.

In addition to its extensive real estate investment and development portfolio, Atlas also recently announced the launch of its fourth Opportunity Zone Fund targeting multifamily developments across the Southeast and Texas. The fund is a unique offering allowing direct investment with an experienced sponsor developing multifamily in high-growth markets.

ATLAS REAL ESTATE PARTNERS COMPLETES SALE OF MEADOW BROOK PRESERVE IN NAPLES, FL

NAPLES, FL – Atlas Real Estate Partners, a multifamily-focused private investment and development firm with offices in New York and Miami, completed the sale of Meadow Brook Preserve, a 268-unit apartment community located at 1130 Turtle Creek Blvd. in Naples, Florida. The firm sold the community to Cardinal Residential Ventures. At the time of the sale, the property was ~98% occupied.

The transaction closed on November 7th.

Atlas Real Estate Partners along with Andover Real Estate Partners purchased the Naples property in 2012 for $22.9 million and renovated the entire property. The improvements included renovations of nearly 100 percent of units and extensive exterior upgrades, including a new façade and roofs, and the addition of modern amenities such as a dog park, pet washing station, and outdoor kitchen and lounge area.

“In the time we have owned Meadow Brook Preserve, we have seen Naples emerge as a top multifamily market in Southwest Florida,” said Arvind Chary, co-founder of Atlas Real Estate Partners. “The combination of incredible job and population growth, along with the execution of our value-add business plan, enabled us to increase rents and value dramatically over our hold period and generate outsized returns for our investors. We look forward to replicating this model in our target markets throughout the Southeast.”

Newmark’s Tyler Minix and Hampton Beebe represented Atlas and Andover in the sale.

The Southwest Florida multifamily market has been surging in popularity in recent years, and Naples has consistently been named a Best Place to Live, Safest Place to Live, and Best Beach Town. The Naples-Marco Island MSA was recently ranked first out of 150 markets nationally for annual effective rent growth.

“Meadow Brook Preserve is a case study for acquiring quality multifamily real estate in an emerging location, executing a tailored value-add strategy, and holding long-term,” said Rob Stone, founder of Andover Real Estate Partners.

In addition to its extensive real estate investment and development portfolio, Atlas also recently announced the launch of its fourth Opportunity Zone Fund targeting multifamily developments across the Southeast and Texas. The fund is a unique offering allowing direct investment with an experienced sponsor developing multifamily in high-growth markets.