ATLANTA, GA – Frankforter Group has bought the Garden Walk Apartments, a class B apartment community in Atlanta. The property consists of 240 rental apartments located in Williamsburg Park, a few miles south of the Hartsfield–Jackson Atlanta International Airport, a submarket that has exhibited strong fundamental trends since 2014.
The 29-acre property provides brilliant connectivity to many of Atlanta’s major employment centers, economic drivers, and retail hubs.
Frankforter Group will invest over $2M to enhance the property, including the common area amenities, such as an automated delivery locker system, clubhouse upgrades, pool area renovations, and sports courts revamping.
This acquisition further fuels the group’s expansion in the greater Atlanta market with some more acquisitions in the pipeline for Q1.
Stephane Benalal, Director of Acquisitions says, “We have been very active in the Atlanta market in the last few years and we are very excited to increase the group’s portfolio in one of the country’s growing markets. Garden Walk fits perfectly within our value-add strategy. Our approach for this community is to invest a significant amount of capital to enhance the tenant experience and bring out the full potential in this property.”

Powered by WPeMatico

SACRAMENTO, CA – National operator Pegasus Senior Living is announcing its two newest communities this week, bringing the total number in the company’s portfolio to 38. Formerly named Brookdale Elk Grove and Brookdale Sterling Court, the new communities’ names are Elk Grove Park and Sterling Court at Roseville, located in Elk Grove and Roseville.
Both helped living and memory care communities, Elk Grove Park’s address is: 6727 Laguna Park Dr, Elk Grove, CA 95758 and Sterling Court at Roseville’s is 100 Sterling Ct, Roseville, CA 95661. Elk Grove Park has 88 units and Sterling Court has 101 units.
Since its inception, Pegasus has maintained a tradition of stability, value, and reliability in the Sacramento area with nearby communities Greenhaven Place in Sacramento and The Oaks at Inglewood in Stockton, where news nationwide broke around resident Maj. Bill White with his Valentine’s Day card project.
“We are honored to partner with the existing teams and implement all of our signature services and programs while maintaining a local feel for each of these communities,” said Justin Wray, SVP of Operations for Pegasus. “Both communities have so much to offer with their quaint atmosphere and tenured healthcare teams. With Sacramento being such an opportunistic market for families looking into senior living, we are excited to be a secure and exciting option with Elk Grove Park and Sterling Court at Roseville.”

Powered by WPeMatico

WEST NEW YORK, NJ – Roseland Residential Trust, a subsidiary of Mack-Cali Realty Corporation (NYSE: CLI), announced the opening of The Capstone at Port Imperial, a new luxury residential building in Port Imperial offering stunning views of the Hudson River and Manhattan skyline, an elaborate amenity package, and high-quality design and finishes. The Capstone, which is owned in joint venture with an institutional equity provider, is Roseland’s newest development in the Port Imperial community.
The Capstone features a mix of 360 units ranging in size from studios to four-bedroom homes, with a wide array of floor plans to choose from. The building is complemented by a full suite of amenities and 25,000 square feet of retail and covered public parking. Designed for the discerning modern renter, the residences feature luxury plank floors, quartz countertops with full-height backsplashes, kitchen pendant lighting, state-of-the-art stainless-steel appliances, and other designer-quality fixtures and finishes in the kitchens and bathrooms.
“Roseland continues to do its vision at Port Imperial, developing high-quality residential assets that benefit from prime waterfront location, New York City skyline views and robust lifestyle amenities,” said Marshall B. Tycher, Chairman of Roseland Residential Trust. “The Capstone further elevates the neighborhood at Riverwalk and is an brilliant addition to Port Imperial’s live-work-play neighborhood, which is known for its numerous dining destinations, coveted outdoor space, and easily accessible commuting options.”
The impressive amenity package is highlighted by a ninth floor indoor and outdoor lounge featuring a sundeck with stunning views of the Hudson River and an expansive, 33,000-square-foot outdoor amenity deck including a two-level pool and spa, fireplace, barbeque grilling stations, outdoor billiards, foosball tables, outdoor theater, private cabanas, bocce court, children’s play area, and dog run. The 3,000-square-foot fitness suite caters to a healthy lifestyle and features Technogym equipment, yoga, Fitness on Demand, spin studio, and a dedicated outdoor fitness area on the deck.
“The outdoor amenity deck is spectacular,” clarified Mr. Tycher. “The thoughtful design is a testament to Roseland’s unwavering commitment to excellence – we are always trying to outdo ourselves in each of our projects, and I’m thrilled to offer our residents a retreat of unique outdoor experiences, particularly given the times we are living in.”
The clubroom features a fireplace, billiards, and outdoor deck with views of the Hudson River – perfect for entertaining guests – and a party room with a work lounge coffee bar and private conference rooms for residents who work from home. Additional amenities include an indoor dog grooming room, golf simulator, children’s playroom, 24-hour concierge, bike storage and several private garages. Residents at The Capstone have access to the Roseland Living app, which streamlines every resource into one place – from details about exclusive upcoming virtual events, Roseland perks and discounts, maintenance information, and access to the rent portal.
Following the exciting restaurant openings of Marcus Samuelsson at NoHu Rooftop in the EnVue hotel, and the new American gastropub, Porter, on the ground level of nearby RiverHouse 11, The Capstone not only demonstrates Roseland’s continued investment in the neighborhood, but further underscores the exciting evolution of the Port Imperial community. The Capstone will soon be joined by RiverHouse 9, a 313-unit building in Weehawken also developed by Roseland. Port Imperial has continued to transform into a sought-after lifestyle destination, with convenient access by ferry service to Manhattan, as well as the Hudson-Bergen Light Rail servicing the NJ Gold Coast.

Powered by WPeMatico