MARIETTA, GA – Sagard Real Estate (SRE), a leading U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm, announced the acquisition of Belmont Place, a 326-unit Class A garden-style multifamily community located at 2825 Windy Hill Road Southeast in Marietta, Georgia.
Located in Atlanta s Cumberland/Galleria submarket, the acquisition expands SRE s multifamily portfolio and reflects the firm s continued focus on well-located rental housing communities in established suburban markets with durable demand drivers, strong employment access and favorable long-term fundamentals.
Built in 2004, Belmont Place consists of 12 residential buildings across a low-density 25.75-acre site. The community includes 326 one-, two- and three-bedroom apartment homes averaging approximately 1,055 square feet, along with ample parking. The property is currently 94% occupied.
Residences feature 9-foot ceilings, full-size washers and dryers, plank flooring, granite countertops, stainless steel appliances and private balconies. Community amenities include a resort-style pool, clubhouse, fitness center, game center, remote work lounge, tennis courts, outdoor courtyards and a car wash. SRE plans to pursue a targeted capital improvement program focused on select unit renovations and amenity enhancements.
Belmont Place is located approximately one mile from the I-75/I-285 interchange, 10 miles northwest of downtown Atlanta and 21 miles north of Hartsfield-Jackson Atlanta International Airport. The location provides residents with convenient access to major employment centers across the Atlanta metropolitan area, including Cumberland/Galleria, Buckhead, Midtown, Downtown Atlanta and Central Perimeter.
The surrounding area is supported by strong household demographics and a broad retail and entertainment amenity set. Belmont Place is located within close proximity to Cumberland Mall and The Battery Atlanta, a mixed-use destination anchored by Truist Park, as well as national grocers and retailers including Target, Kroger, Publix, Walmart and Costco.
Belmont Place is a compelling addition to our multifamily portfolio, combining scale, institutional-quality construction and a low-density site in one of Atlanta s most desirable suburban markets, said Matt DiVito, Managing Director, Acquisitions at Sagard Real Estate. The Cumberland/Galleria corridor benefits from strong demographics, deep employment access and limited directly competitive new supply, all of which support our long-term conviction in the property. We believe targeted upgrades will further enhance the resident experience while positioning the community for durable performance.
The acquisition aligns with Sagard Real Estate s strategy of investing in multifamily communities that serve a broad workforce renter base and are positioned to benefit from population growth, employment access, relative affordability and disciplined active management. Belmont Place further expands SRE s residential footprint in the Southeast and reinforces the firm s conviction in high-quality suburban rental housing within large, diversified U.S. growth markets. The transaction was facilitated by CBRE. The investment was made in partnership with McCann Realty Partners and Pegasus Residential. This is the third property managed by Pegasus Residential on behalf of Sagard Real Estate.

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SAN ANTONIO, TX – Avia Equities announced that it has bought Blair at Bitters, a 190 unit garden style multifamily community located in San Antonio, Texas.
The acquisition of Blair at Bitters represents a strategic expansion of Avia s footprint in Central Texas and aligns with the firm s focus on well located, attainable housing in high growth markets. The business plot includes targeted interior and exterior renovations, and upgrades to common areas and amenities, with the goal of enhancing the current and future resident experience while participating in the continued improvement of the San Antonio real estate market.
San Antonio remains one of the country s most dynamic large metros, supported by steady population growth and a diversified employment base in sectors such as healthcare, defense, finance, cybersecurity, and hospitality. In recent years, the metro has added tens of thousands of new residents and maintained an unemployment rate below both the Texas and U.S. averages, reflecting resilient labor market conditions and sustained in migration.
We are excited to add Blair at Bitters to the Avia portfolio and to establish our presence in the San Antonio market, said Mike Mortazavi, Founder of Avia Equities. This community offers strong fundamentals, an brilliant infill location, and a clear value add path through thoughtful renovations and hands on management. We view this acquisition as the first of many investments in San Antonio and look forward to being a long term partner in the city s growth.
Blair at Bitters features a mix of one and two bedroom floor plans, onsite parking, and community amenities consistent with other high quality suburban multifamily properties in the market.
The acquisition was leveraged with Freddie Mac financing.

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REHOBOTH DEACH, DE – REDICO and Ciel Senior Living have formed a joint venture to design and build a new senior living community in Rehoboth Beach, Delaware. The project signals renewed confidence in developing and financing new senior housing communities while helping meet the growing demand for high-quality senior living options throughout Sussex County and the surrounding region.
The partnership brings together REDICO’s experience as a developer, investor and owner of senior housing communities with Ciel Senior Living’s operating platform. Under the joint venture, REDICO will lead development and investment strategy, with Ciel serving as the operating partner for the community.
“Our involvement in this project and our ability to attract financing necessary to make it possible reflects renewed investor interest in this industry,” said Dale Watchowski, CEO of REDICO and American House Senior Living. “This project also reflects REDICO’s broader senior living development strategy, which combines institutional capital, experienced operating partners and targeted market expansion in high-demand markets.”
The project is one of several new senior living communities that REDICO and its affiliate, American House, are plotting to open over the next several years across several states in the Midwest and on the East Coast.
The project also marks an vital milestone for Ciel Senior Living, a rapidly growing senior housing operating and development platform that currently manages more than 3,000 units across 20 communities in 10 states and continues to expand through strategic operating, acquisition and development partnerships nationwide.
“This is more than the start of a construction project – it is the realization of a vision,” said Edward Burnett, Co-Founder of Ciel Senior Living. “Rehoboth Beach has long been a destination known for its quality of life, vibrant culture and strong sense of community. We are honored to bring a senior living experience that reflects those qualities while making an environment where older adults can continue to live with purpose, connection and confidence.”
Upon completion in 2028, Ciel of Rehoboth will feature 144 thoughtfully designed luxury suites offering Independent Living, Helped Living and Memory Care. Inspired by the beauty and character of Delaware’s coastal heritage, the campus will combine elegant design, resort-style amenities, exceptional dining, engaging programming and personalized wellness and care services tailored to each resident’s individual needs.
“From the resident experience to the design of the community itself, every aspect of Ciel of Rehoboth has been thoughtfully plotted to foster connection, promote well-being and deliver the elevated hospitality that defines the Ciel brand,” said Alexis Martini, President and Chief Operating Officer of Ciel Senior Living.
As Delaware’s senior population continues to grow, the need for sophisticated, service-rich senior living options has never been greater. Through their partnership, REDICO and Ciel are meeting that need with a thoughtfully designed community that will enable residents to age in place while enjoying an active, fulfilling lifestyle supported by hospitality-driven services and compassionate care.

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