Emma Capital Acquires 272-Unit Centre at Peachtree Corners Apartment Community for $42.25 Million in Submarket of Atlanta, Georgia

ATLANTA, GA – Emma Capital Investment announced the acquisition of Centre at Peachtree Corners, a 272-Unit Community located at 3325 Holcomb Bridge Road, Peachtree Corners 30092 for $45,250,000. This is Emma Capital’s 41st buy in the United States, and the first acquisition for the Emma Capital Investments Value Add Fund I (the “Fund”) bringing its total bought apartments to date to over 10,000 units.
Peachtree Corners is an affluent city in Gwinnett County conveniently located to I-85, I-285, and GA-400. The 17 square mile city was incorporated in 2005. The city’s pro-business environment has attracted over 2,300 businesses. Peachtree Corners is the economic leader of Gwinnett County, Atlanta’s fastest growing county.
The property sits on 20.13 acres at the intersections of Holcomb Bridge Road, Peachtree Industrial Boulevard, and Peachtree Parkway (also known as GA-141). The property has benefited from a major rehabilitation of $10.7M between 2012-2017, with new HVAC, roofs, windows, paint, clubhouse and Hardie-Plank sidings as well as renovations of all of the interiors with plank flooring, black appliances, faux granite countertops, new cabinets, and track lighting.
“We are extremely excited about this first acquisition in our new Value Add Fund,” stated founding Partner and Co-Owner Haya Zilberboim. “We have had fantastic success with our other properties in Atlanta and our strength and experience in the market provides us with a fantastic opportunity to efficiently leverage our resources to immediately focus on rent growth initiatives and capital improvement projects such as income-boosting unit interior upgrades.”
“Centre at Peachtree Corners represents another strong investment opportunity for Emma Capital in the Atlanta market,” added Partner and Co-Owner Oz Cohen. “The city of Peachtree Corners is vibrant and growing, with leadership focused on well-conceived, strategic development sure to generate business interest and inspire future expansion. We are extremely pleased with the performances of our current holdings in Atlanta, Phoenix Orlando, Nashville, Indianapolis and the Carolinas and continue to focus on other new Southern markets such as Dallas, Austin and Tampa.”

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Clarion Partners Real Estate Income Fund and Blackfin Real Estate Investors Acquire 242-Unit Multifamily Community in D.C. Metro Area

LARGO, MD – Clarion Partners Real Estate Income Fund (CPREIF), in partnership with Blackfin Real Estate Investors, has bought Mosaic at Largo Station, a four-tale, 242-unit, mid-rise multifamily community located in Largo, MD in the Washington, D.C. metro area. Clarion Partners (Clarion Partners), a leading U.S. real estate investment manager, is one of Franklin Templeton s specialist investment managers.
Largo, MD is a residential suburb with its own Metro station. It s adjacent to the Capital Beltway (I-495), providing simple access to downtown D.C. (approximately 14 miles away) as well as Crystal City, the home of Amazon s second headquarters in Arlington, VA (approximately 19 miles away). Located half a mile from Mosaic, the University of Maryland Medical System s new $645 million, 259-bed regional hospital and medical center is scheduled to open next month.
Our lifestyles are changing dramatically, and emerging trends in the ways we live, work and shop are making new opportunities in different areas of real estate. CPREIF seeks to provide current income and long-term capital appreciation by purchasing stabilized, well-leased, cash flow-producing properties in markets with favorable growth prospects as well as exposure to different geographic regions and property sectors, said Clarion Partners Managing Director Rick Schaupp. We believe this property in the heart of Prince George s County is emblematic of these societal shifts, given its proximity to a walkable metro station, new hospital and amenity retail.
Mosaic s amenities include an outdoor swimming pool, dedicated grilling area, a dog park and a newly renovated class A+ two-tale clubhouse with game room. The units feature 9 to 12 ceiling heights, maple cabinets, stainless steel appliances and kitchen islands with granite countertops.
We are thrilled to expand our partnership with Clarion Partners, said Andrew Buchanan, Co-Founder and Managing Partner of Blackfin Real Estate Investors. Mosaic is an extremely well-built asset in an brilliant, transit-oriented location that s poised to benefit from the new state-of-the-art hospital center.
Eastdil Secured, a real estate investment banking company, represented the seller in the sale of Mosaic at Largo Station and arranged acquisition financing for the venture.

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Bell Partners Adds to Its Charlotte Portfolio with Acquisition of 266-Unit Bell Riverbend Village Apartments in North Carolina

CHARLOTTE, NC – Bell Partners, one of the nation’s leading apartment investment and management companies, has bought Riverbend Apartments, a 266-unit apartment community located in Charlotte, N.C. The property, bought on behalf of the firm’s Fund VII investors, will be renamed Bell Riverbend Village and marks the 80th community managed by Bell Partners in its home state of North Carolina.
Bell Riverbend Village’s location offers residents a balance of connectivity, walkability and proximity to employment and entertainment centers. The community is embedded within Charlotte’s Riverbend Village, a mixed-use development featuring 185,000 square feet of retail space and 370,000 square feet of office space. The development also houses major employers in the area including Corning Optical Communications’ headquarters and Novant Health’s plotted 250,000 square foot medical campus that will feature a full-service hospital and several medical office buildings.
Bell Riverbend Village is adjacent to convenient transportation options including Highway 16/Brookshire Blvd. and I-485, providing access to Uptown Charlotte, Southwest Charlotte and University City. Recreational highlights near Bell Riverbend Village include Mountain Island Lake, Pine Island Country Club and the U.S. National Whitewater Center.
“Our buy of Bell Riverbend Village represents a continuation of our strategy to seek investment opportunities in growth markets and high growth locations. The Bell operating platform will also seek to enhance the living experience of current and future residents, which will build upon the work done by the original developer,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “With Bell Partners’ long history in North Carolina, we have a deep understanding of the state’s economic fundamentals, and this new addition to our portfolio reflects our conviction that this market will continue to experience outsized growth.”
Built in 2020, Bell Riverbend Village features modern amenities and new-construction finishes. Community amenities include a summerhouse with a fireplace and dining area, a resort-style pool, a dog park and pet washing stations, an endless rock-climbing wall, fully equipped fitness center and electronic car charging stations.

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