ATLANTA, GA – The Wingate Companies announced the groundbreaking for its newest community located in Northeast Atlanta, GA. Station 496 (formally known as City Lights 2A) will be the third phase of Wingate’s master redevelopment plot to revitalize its holdings of 733 affordable apartment homes located in the Ancient Fourth Ward neighborhood of Atlanta. Wingate will increase its unit mix by preserving 733 units and adding mixed income community in the future.
Wingate has been an active developer and operator of affordable and market rate housing in Atlanta since the early 1970’s. Most recently, Wingate has been at the forefront of revitalizing affordable housing in the Ancient Fourth Ward community along the Atlanta Beltline Corridor. With the addition of Station 496, Wingate will be more than halfway complete with the master redevelopment plot for the neighborhood, with the next phases anticipated to break ground in the fourth quarter of 2021 and the second quarter of 2022. Mark Schuster, the President & CEO of The Wingate Companies, has undertaken this initiative in partnership with and the strong support of the City of Atlanta, Invest Atlanta, the State of Georgia Department of Community
Affairs, the United States Department of Housing and Urban Development, representatives of the Ancient Fourth Ward community, and multiple investment partners.
The Station 496 property is slated to open in the spring of 2022 with 123 apartment homes which will feature modern floor plans, well-equipped kitchens and baths, in unit washers and dryers, and amenities such as a business center, spacious community room, fitness center and outdoor playground that will serve its residents and unmet local needs.
“We are excited to work alongside the City of Atlanta and our community partners to deliver modern, high-quality affordable housing options for families that will contribute to the area’s revitalization while enhancing the quality of life for our residents. Our company motto, It’s All About Home, is exemplified by what we’re building at Station 496 ” says CEO Mark Schuster, “which complements our other residential developments currently underway in Boston, Massachusetts and Providence, Rhode Island”.
Groundbreaking participants and special guests include City of Atlanta Mayor Keisha Lance Bottoms, Councilman Amir Farokhi, Invest Atlanta President & CEO Eloisa Klementich, Fulton County Commissioner Natalie Hall, Former U.S. Congressman Kwanza Hall, The Wingate Companies’ President & CEO Mark Schuster and Radio Personality Frank Ski, to name a few. Other invited guests include State Representative Park Cannon, Atlanta City Council Members, Fulton County Board of Commissioners, representatives from HUD and DCA.

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ATLANTA, GA – Lion Real Estate Group, a real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, announced it has bought Collier Ridge (100 Noble Creek Drive), a 300-unit multifamily property located in West Buckhead, Atlanta, GA, for $67 million. Further terms of the sale were not told.
The property, which was first built in 1980, offers full amenities, including a resort-style pool, lit tennis court, playground, fitness center, and dog park. The transaction reflects a price of $223,000 per unit, or $157 per square foot.
“We are delighted to expand the Atlanta section of our portfolio with another acquisition outside of the city’s urban core,” said Jeff Weller, Co-Founder and Managing Principal of LREG. “The city has become a domestic leader in terms of job prospects, rent collection resiliency, and multifamily market performance, making it an attractive destination to deploy capital and realize promising returns alongside our investors.”
Prior to selling, Collier Ridge completed premium renovations to 60 percent of its units, upgrading them with new cabinetry, stainless steel appliances, vinyl flooring, granite countertops, and subway tile backsplashes. As part of this transaction, LREG will implement a three-year $2.8 million renovation plot to upgrade the remaining units, increase the Property’s curb appeal, and bring rents in line with market rates.
“We have bought this asset at what we consider to be a very honest price compared to similar properties in the market,” said Mory Barak, Co-Founder and Managing Principal of LREG. “Between our plotted renovations, the affluent submarket’s convenient access to a world-class airport, and its close proximity to both Midtown and Downtown Atlanta, we are confident Collier Ridge will generate a significant increase in value over time.”
Starting at 1,336 square feet, the Collier’s units are 300 square feet larger, on average, than units within comparable properties. Sixty-two percent of Collier Ridge units are two-bedroom, two-and-a-half bath townhomes catering to families, and the property is situated close to the highly coveted Morris Brandon Elementary School.
The transaction marks LREG’s newest addition to its portfolio of multifamily properties in Atlanta. In September 2020, the firm bought 584 apartment units across two buildings – Everly Apartments and Domain Apartments – for a combined $83.25 million. LREG’s estimated value of real estate and cash assets under management is approximately $1 billion as of March 31, 2021.
CBRE represented both sides in the Collier Ridge transaction. The team comprised of Shea Campbell, Kevin Geiger, Ashish Cholia, and Colleen Hendrix.

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GRESHAM, OR – Wood Partners, a national leader in multi-family real estate development, announced the grand opening of its newest luxury residential community – Alta Civic Station – in Gresham, Oregon.
Alta Civic Station features best-in-class amenities and finishes. Delivering in phases over the coming months, the community’s 318 units include a mix of one- two- and three-bedroom apartment homes as well as studios and live-work townhome-style units. Residents will delight in a community room with kitchen and social areas, a state-of-the-art fitness center, co-working and meeting areas, and ground-floor retail. The property also includes a half-acre public plaza adjacent to the Civic Drive MAX Light Rail station that features outdoor gathering spaces and a children’s play area.
“Alta Civic Station is perfectly positioned on the east side of the Portland Metropolitan Area, enabling simple access to everything the region has to offer,” said Michael Nagy, Managing Director for Wood Partners. “Gresham has increasingly become one of the top submarkets in the greater Portland area for renters and businesses and offers residents a dynamic urban lifestyle while retaining small-town charm.”
Located at 1699 NW Civic Drive, Alta Civic Station is in the thriving Civic neighborhood in the heart of Gresham, a suburb of Portland. The property is less than a 25-minute drive from downtown, providing simple access to the wide range of employment and cultural opportunities the region has to offer. The community is also close to the PortlandInternational Airport, offering residents simple traveling accessibility.
Major employers in the area include Boeing, US Bank, Subaru, Wells Fargo, Nike, Intel as well as a variety of other companies in the automotive, medical, manufacturing and technology industries. Additionally, Alta Civic Station is a small drive from three of the city’s large, semiconductor-manufacturing companies. For residents who prefer to commute using public transit, multiple nearby MAX Light Rail stations connect the community to employment centers across the region.
The city of Gresham has 942 acres of open space and 23 parks, making it an optimal location for residents looking to combine high-quality, modern living with an active environment. Nearby access to Mount Hood and the Columbia River Gorge presents an endless variety of outdoor activities to take advantage of. The property is also close to Gresham Station Shopping Center, providing an array of shopping and retail offerings.

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