ECI Group Completes Sale of 296-Unit The Columns at Paxton Lane Apartment Community in Atlanta Submarket to InterCapital Group

ATLANTA, GA – ECI Group (ECI) announces the sale of The Columns at Paxton Lane apartments at 4305 Paxton Lane in Southeast Gwinnett County to InterCapital Group for an undisclosed price. The 296-unit community was developed by ECI in 1996 and has been owned and managed by the company throughout that time.
“The Columns at Paxton Lane, which ECI developed, owned, and managed for more than 25 years, demonstrates the successful execution of a business plot in which our entire team participated,” said ECI Group CEO, Seth R. Greenberg. “ECI intends to re-invest the proceeds from The Columns at Paxton Lane into a newer multifamily property. Once the re-investment plot is completed, realizing the investment of an older property into a more current property, that deal will mark the 6th such exchange transaction completed by ECI in the past approximately two years.”
The Columns at Paxton Lane is located in one of the fastest-growing submarkets of suburban Atlanta and has benefited since its original development from the addition of nearby Gwinnett County job centers including the Piedmont Eastside Medical Center, Sugarloaf Corporate District, Tucker Office Core, the 700,000 square foot Amazon Fulfillment Center and major industrial parks in the I-85 and I-285 corridors.
Residents of the community have also gained access to a growing amenity base with new mixed-use developments and retail centers located within minutes of the property. Community amenities include a central mail kiosk, dog park, swimming pool with cabana area, playground and picnic area, lighted tennis courts, detached garages for some units, and an internet café.
ECI extends its appreciation to Mike Kemether, James Wilber, and Megan Turner of Cushman & Wakefield for their representation of the seller.

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Olympus Property Expands Portfolio with 203-Unit Capital Crest at Godley Station Apartment Community in Desirable Savannah Submarket

SAVANNAH, GA – Olympus Property announced the acquisition of Capital Crest at Godley Station, a 203-unit asset located in Savannah, GA. Olympus is excited to expand its holdings in the market, where it has owned and operated apartments for over a decade.
The company continues to grow its presence in the multifamily real estate industry, providing residents with a best-in-class living experience and investors strong returns. Established in 1992 with a steadfast vision of becoming an industry leader, Olympus Property boasts a wealth of experience and a hands-on approach throughout the investment process. Olympus currently owns and manages approximately 31,000 units spanning across 14 states being Arizona, California, Colorado, Florida, Georgia, Idaho, Kentucky, Montana, New Mexico, North Carolina, Tennessee, Texas, Utah, and Wyoming.
Located along Benton Boulevard in one of Savannah’s most desirable submarkets, Capital Crest at Godley Station provides residents exceptional accessibility to major employment centers, the historic downtown, and residential communities with upscale retail and lifestyle offerings. The property is strategically positioned within a 15-mile radius of over 187,000 jobs, offering simple access to some of the region’s top employers, such as Gulfstream, Georgia Pacific, and the Port of Savannah, which is the largest single-terminal container facility in North America. The region is experiencing rapid economic expansion, underpinned by the recent groundbreaking of Hyundai’s $6.4B electric vehicle and battery plant. This project is located within a 20-minute commute of the property and is expected to generate over 25,000 jobs by 2025. Once completed this plant is projected to be the third-largest electric vehicle manufacturing facility in the country.
“We are excited to add Capital Crest at Godley Station to our portfolio,” notes Travis Bertetto, Associate Director of Acquisitions at Olympus Property. “Savannah’s strong fundamentals and growth prospects make it an attractive market for us. With over 1,000 units under ownership within the market we are looking forward to making value for our investors by leveraging our management expertise and market knowledge.”
Constructed in 2017, the community offers fourteen unique floor plans, which range from one to three bedrooms. Additionally, the property features a wide range of amenities including a 2,500 square foot sports club, saltwater pool accompanied by poolside cabanas and fireplace, theater, car care center, dog park, and pet spa. The community also offers attached and detached garage parking. Unit interiors are modernized and include stainless-steel appliance packages, hardwood-style flooring, large kitchens, walk-in pantries, and washer & dryers.

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Quarterra Announces Start of Leasing at 273-Unit Miller & York Apartment Community in Charlotte’s Highly Coveted LoSo Neighborhood

CHARLOTTE, NC – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment developer, builder, and asset manager, announced the start of leasing at Miller & York, an urban infill community in Charlotte’s dynamic Lower South End, or LoSo, neighborhood.
Miller & York is a 273-home community located in the heart of LoSo – widely considered one of the city’s top entertainment districts. With rock climbing gyms, antique malls, beer gardens and nearly every dining opportunity imaginable, LoSo is a hub of activity with something to accommodate every interest. Miller & York offers a lively but decidedly relaxed atmosphere, enabling residents to jump in and out of the South End fray at their leisure while providing a peaceful retreat to call home.
“The energy of LoSo is undeniable, and Miller & York feeds off that vibrance in its amenity spaces and common areas while also making a cool and comfortable place to call home,” said Pat Foster, Development Manager with Quarterra. “Residents will like the thoughtful design of our homes and community amenities, as the design combines fun with practicality to strike the perfect balance in urban living.”
Situated at 235 Verbena St., Miller & York puts residents close to many lifestyle amenities such as the Charlotte Rail Trail, Irwin Creek Greenway, Sugar Creek Greenway, Clanton Park, Renaissance Park, Harry L. Jones Sr. Golf Course, and Charlotte Regional Farmers Market. Residents are also within walking distance of numerous destination restaurants, coffee shops and breweries, including: Chef Alyssa’s Kitchen, Night Swim Roastery & Café, the future Rally Pickleball facility, The Olde Mecklenburg Brewery & Biergarten, Brewers at 4001 Yancey, Protagonist, Sugar Creek Brewery, Lower Left Brewery, Queen Park Social and GoodRoad Ciderworks.
The community is in close proximity to many of Charlotte’s major thoroughfares including Interstate 77, Billy Graham Parkway, Highway 49/South Tryon Street, and South Boulevard, making regional access, airport connectivity and local commutes a breeze. The Scaleybark Station of the LYNX Blue Line light rail is also less than a mile away for optimal, hassle-free transit throughout the metro region.
Miller & York consists of studio, one- and two-bedroom homes, ranging from 560 to 1,135 square feet. Homes are equipped with smart home technology and hardwood-style flooring throughout. Kitchens come equipped with stainless steel Whirlpool appliances, contrasting tone cabinetry, graphite quartz countertops, subway tile backsplashes, designer fixtures, and kitchen islands in select homes. Bathrooms feature quartz countertops and bedrooms include walk-in closets.
All residents have access to a resort-style pool with private cabanas and covered seating, as well as a standalone clubhouse complete with fitness center, full catering kitchen, lounge area and both private and open coworking spaces. Community highlights also include a sky terrace, dog park, covered patio with fireplace, and multiple grilling stations.
Miller & York is Quarterra’s fourth active Charlotte community, joining Bradham, The Ellis and The Francis.

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