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Home Depot 2455 Paces Ferry Road Atlanta Ga 30339
VININGS, GA--(Marketwired - June 17, 2016) - Toronto-based Sutter Hill Accretion Corporation has acquired The District at Vinings Apartments in Metro Atlanta for $68.75 million. Sutter Hill intends to absorb up to $7 actor renovating the 464-unit multifamily community, which is amid on about 38 acreage in the affection of the Vinings area. The transaction bankrupt June 16, 2016.
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The District at Vinings Apartments is amid at 2800 Paces Ferry Rd S.E., Atlanta, 30339, beneath than three afar from SunTrust Park -- the new amphitheater for Atlanta's Major League Baseball team, the Braves -- and The Battery Atlanta, which is accepted to be one of the nation's top sports, arcade and ball venues. The apartments are additionally abreast Home Depot headquarters, the Cobb Energy Performing Arts Center, the Cobb Galleria and bizarre Vinings Village.
"This is a ascendant asset in a ascendant location," said Sutter Hill Accretion President and CEO Karim Kanji. "It additionally has a walkability account in the 90s, which is abnormal for best backdrop in Atlanta."
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Stonemark Administration will administer the pet-friendly association and administer the renovations -- which will accommodate a advanced clubhouse, broadcast fettle center, added agriculture and upgraded exteriors. The absolute walking trails, fountains and decks already acceptable the community's abounding lakes will additionally be broadcast and improved. The interiors of the individuals apartments accept granite countertops, new appliances, vinyl axle attic and new lighting.
"We accept the backbone of the area and the concrete improvements that the buyer is planning will accomplish this acreage alike added desirable," said Stonemark President Walt Lamperski.
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The Sutter Hill Accumulation of Companies is a family-owned, all-around absolute acreage advance company, based in Toronto, with backing in Canada, the U.S. and Europe. Sutter Hill currently owns 1,264 accommodation units in Atlanta, with an asset amount of $150 million.
The Stonemark Accumulation focuses on the acquisition, financing, ownership, administration and disposition of multifamily absolute acreage investments in the Southeast, Texas and Virginia. The accumulation includes Atlanta-based Stonemark Equities and Stonemark Management. For added information, appointment www.stonemarkmanagementllc.com.
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