Greenwood Star Completes $47 Million Acquisition of Two Multifamily Communities Totaling 377-Units in Atlanta Submarket

ATLANTA, GA – Greenwood Star Holdings, a vertically integrated real estate company specializing in the acquisition, management, and disposition of multifamily properties, announced the acquisition of two multifamily communities as part of its Regulation D, 506(c) offering: Greenwood Star Income and Growth Trust (GSREIT) a private, open-end real estate investment trust focused on acquiring high-quality, income-producing multifamily assets across the Southern United States.
The acquisitions include Parkside Apartments, a 281-unit property, along with Creekside Apartments, a 96-unit property, both located in the Atlanta suburb of Doraville, Georgia. Parkside was bought for $31.5 million, a 23% discount to its comparable sale price, and Creekside was bought for $15.5 million, a 35% discount to its comparable sale price. Both properties include the assumption of attractive long-term financing involving a 3.63% Fannie Mae loan maturing in August 2029.
“Doraville is an in-demand submarket of Atlanta that continues to demonstrate resilient fundamentals, making a competitive rental housing environment,” said Lisa Li, chairman and CEO of Greenwood Star. “With our integrated property management capabilities, and the ability to assume the 3.63% Fannie Mae loans, we believe that Parkside and Creekside are well-positioned to deliver significant value to investors.”
Both properties may benefit from their desirable locations within the Doraville submarket, an area where favorable fundamentals are expected to continue supporting the market for the foreseeable future. The area has seen strong population growth in recent years along with a robust job market. Doraville has also experienced high occupancy rates driven in part by affordability: mortgage payments in the surrounding area are more than double the monthly rent payments at both properties, reinforcing demand for quality rental housing.

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Liberty Mutual Investments and Landmark Properties Form Joint Ventures to Develop Two Student Housing Projects Totaling 1,255-Beds

NEW YORK, NY – Liberty Mutual Investments, the investment firm for Liberty Mutual Group, and Landmark Properties, a fully-integrated real estate firm specializing in the development, construction, acquisition, investment management, and operation of high-quality residential communities, announced joint ventures for the acquisition and development of two new student housing projects, The Mark State College and The Mark Mansfield. The joint ventures will deliver 1,255 purpose-built off-campus student housing beds at Pennsylvania State University (Penn State) and The University of Connecticut (UConn).
These developments represent the first venture between LMI and Landmark, leveraging Landmark’s track record of more than 20 years, while continuing LMI’s focus on investing in premier student housing opportunities. LMI’s student housing portfolio includes approximately 17,000 beds and is focused on adding purpose-built housing near large public universities with robust student communities. TSB Capital Advisors arranged financing for both transactions.
The team will develop two sites – one on East College Avenue adjacent to the heart of the Penn State campus and the other on the corner of North Eagleville Road and Ledoyt Road, adjacent to the UConn campus core.
The Mark State College, a 12-tale student housing project serving Penn State students, will add 515 beds upon completion. Plotted amenities include a skydeck, rooftop pool and hot tub with campus views, jumbotron, modern fitness center and sauna, clubhouse/amenity area, grilling area and fire pits, sports simulator, study lounge with café and computer lab, structured parking deck, and bicycle/scooter parking. This is LMI’s third investment in student housing development within the Penn State market.
The Mark Mansfield, a 9-tale student housing project serving UConn students, will add 740 beds in the supply-constrained Storrs, CT market. Plotted amenities include a state-of-the-art fitness center and clubhouse, sauna, nearly pool-sized hot tub, study lounge, computer lab, gaming lounge, and bicycle parking.
“These properties represent exceptional opportunities to deliver premier off-campus student housing at thriving universities—communities that will attract students and provide long-term value for residents,” said Christopher Finn, Managing Director and Head of Real Estate at Liberty Mutual Investments. “We are excited to expand LMI’s student housing platform with Landmark, a leading developer of purpose-built, best-in-class student housing.”
“We’re excited about forging this relationship with LMI and look forward to working together on future initiatives,” said Walt Templin, President and Chief Investment Officer of Landmark Properties. “Our shared commitment to providing housing options in university communities will help students excel in their academic careers while also reducing the pressure on the local housing market.”
LMI invests more than $100 billion of long-term capital globally across its integrated platform on behalf of Liberty. The firm is focused on partnering with leading operators and investors to identify high-value opportunities, drive economic growth, and build enduring businesses side-by-side with its partners.

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Thompson Thrift to Develop 300-Unit Autry at Tulip Grove Luxury Apartment Community in One of Atlanta’s Strongest Suburban Markets

ATLANTA, GA – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop Autry at Tulip Grove, a luxury 300-unit community in the Atlanta suburb of Buford. Thompson Thrift expects to welcome the first residents in January 2027.
“Gwinnett County is one of the most dynamic growth markets in the Southeast, with a thriving population, strong economy and exceptional employment rates,” said Josh Purvis, managing partner for Thompson Thrift Residential. “Autry at Tulip Grove is designed to offer residents a seamless blend of style, comfort and connectivity, with amenities and finishes that make a place residents are proud to call home.”
Located at 1325 Laurel Crossing Pkwy NE, the 10-acre community will feature thoughtfully designed, four-tale, elevator-serviced buildings offering spacious one-, two-, and three-bedroom apartment homes. In line with Thompson Thrift’s commitment to delivering high-quality homes with in-demand features and amenities, each residence will include premium interior finishes such as elegant quartz countertops, stainless-steel appliances, smooth glass-top ranges, timeless tile backsplash, designer fixtures and finishes and hardwood-style flooring. Residents will also delight in large walk-in closets, walk-in showers, patio and balcony options, private yard options, detached garages, full-size washers and dryers, high-speed internet access, an Amazon package hub, and more.
Resort-style living will continue throughout the community and will feature two fully equipped fitness centers with 24-hour access, a heated swimming pool, electric vehicle charging stations, thoughtfully designed courtyards, an outdoor pavilion with a gas fireplace and seating, community grilling areas, outdoor game area, golf simulator, dog park, pet spa with grooming stations, billiards and shuffleboard, and a 24-hour social hub.
Situated adjacent to The Exchange, a 100-acre master plotted development, future residents will have quick access to a wide variety of retail, entertainment and restaurant options, some of which include Sprouts Farmers Market, Pickle and Social, Andretti Indoor Karting & Games and TopGolf. Nearby access to Interstate 85 will offer convenient connectivity to downtown Lawrenceville, downtown Atlanta, Mall of Georgia and Sugarloaf Mills.
Autry at Tulip Grove is strategically positioned in one of Atlanta’s strongest suburban markets. In just a three-mile radius of the community, the population has grown 31.9% over the last 15 years, outpacing both Gwinnett County and the Atlanta MSA as a whole. Within Gwinnett County, 97% percent of the total workforce is currently employed, and the average household income is $114,000.
Major employers of the area include Publix Distribution & Manufacturing, Primerica, and Northside Hospital, which is underway on a 17-floor tower expansion that is slated for completion in 2026 and will generate an additional 5,000 jobs. Rowen, a 2,000-acre mixed-use development that could ultimately make 100,000 jobs once completed, is just 2.5 miles from the development.

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