ATLANTA, GA – Walker & Dunlop announced that it closed the investment sale of Azure on the Park, a 25-tale, 329-unit, LEED Gold Certified, Class A multifamily community. The property is located in Atlanta, Georgia, where the Walker & Dunlop Investment Sales team has closed over $2.4 billion in sales over the last 34 months. 

Delivered in 2016, the high-rise property overlooks Piedmont Park, a 189-acre center for culture and recreation in Midtown. This central location provides Azure’s residents with unobstructed views of the Atlanta skyline – from Buckhead to downtown – as well as access to over 150 restaurants, world-class art exhibitions, high-end retail, and the transformative Atlanta Beltline trail. The city’s diverse employer base of Fortune-500 corporations, world-class centers of education and healthcare, and innovative technology startups are also just steps away from the property. 

The Walker & Dunlop Investment Sales team, led by Kris Mikkelsen, Telly Fathaly, and Greg Engler, represented Atlantic Realty Partners and J.P. Morgan Asset Management in the sale of the asset to American Realty Advisors. Mr. Mikkelsen remarked, “Atlantic Realty Partners and J.P. Morgan set the standard in the Southeast by delivering a core quality product in an irreplaceable location. Azure represents a truly differentiated product that will stand the test of time in the most dynamic submarket in the Southeast.”

Richard Aaronson with Atlantic Realty Partners commented, “This project represents the culmination of our team’s work to make a world-class multifamily community in the heart of Atlanta’s most sought-after submarket. We as well as our partners at J.P. Morgan were very confident in the team at Walker & Dunlop, and their ability to effectively present this unique opportunity to a high-quality set of institutional investors.”

Situated in the heart of Midtown, Azure enjoys direct access to the area’s booming employment market and Atlanta’s continued transformation into a global hub of commerce, education, and the arts. Accentuating Azure’s unparalleled location are the quality of both the interior and community amenities. Units feature 9-foot ceilings, floor to ceiling windows, luxury finishes, and state of the art technology. Amenities include a clear-edged, rooftop, saline pool overlooking Piedmont Park, as well as several other spectacular community spaces that feature the city views.

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FORT WORTH, TX – Ascend Partners in collaboration with Fort Worth-based senior living management company, Civitas Senior Living, have begun construction on their newest boutique project, The Grandview of Chisholm Trail.

The Grandview of Chisholm Trail is a 70,000 square-foot community offering 67 helped living and 16 memory care apartments with premium accommodations, resort-style amenities, and world class-care. Founder and Civitas Senior Living CEO Wayne Powell says, “Our passion is people, and our mission is to inspire active, healthy, and pleased lives.” Anand Patel of Ascend Partners adds, “Residents will delight in luxury living consistent with what you would find in resorts, with state-of-the-art finishes.”

The Grandview of Chisholm Trail brings the finest in amenities to Southwest Fort Worth, featuring an active environment and ease of living conveniences. Residents will delight in getting pampered in the elegant salon and relish the locally grown flavors cooked and served in our dining rooms or chef’s private room. 

“Partnering with Civitas Senior Living offers a unique opportunity to combine the comprehensive passions of their proven programs with our innovative design and dedication to making a better senior living environment,” Patel says. Plans for the Civitas-Ascend partnership include the addition of other future senior living communities, both locally and beyond.

Citing the expansive growth in the Chisholm Trail corridor, Ascend Partners and Civitas hold a deep commitment to being part of the continued development of the area. “The Chisholm Trail corridor is an exciting and bustling area. We’re thrilled to add the Grandview to that mix,” says Patel. “Being a Fort Worth-based company, we’re grateful for the opportunity to provide The Grandview’s passionate experience in our own backyard, providing premier senior living to the families and residents of Southwest Fort Worth,” Powell adds.

Contributing to the design, development, and completion of the project are the following partners: Sage Development Group, Arrive Architecture Group, Senior by Design, and Ridgemont Contractors. The Grandview of Chisholm Trail is scheduled to welcome residents in November 2019.

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ATLANTA, GA – Mayor Keisha Lance Bottoms joined nearly 100 dignitaries and guests to celebrate noted developer, Kaplan Residential (Kaplan) for the groundbreaking of Generation Atlanta, the first development in Atlanta to utilize a light gauge steel panelized system called Prescient. Slated to open in 2020, Generation Atlanta will be located at 377 Centennial Olympic Park Dr., minutes away from some of the city’s most notable landmarks, including the World of Coca-Cola, National Center for Civil & Human Rights, Georgia Aquarium and Mercedes-Benz Stadium, as well as more than 400 restaurants and thousands of offices.

Generation Atlanta will be the first building in the city to utilize the Prescient structural system. The technology will reduce construction costs by 20 to 25 percent, compared to using concrete, enabling the development to comply with the City of Atlanta’s initiative to provide more affordable housing. 

“We’re thrilled to be launching Generation Atlanta in such a vibrant area like Downtown,” said Nathan Kaplan, partner at Kaplan Residential. “This development couldn’t have come at a better time as the city is gearing up for major renovations to some of its most beloved landmarks like the Georgia Aquarium, State Farm Arena (formerly Philips Arena) and Centennial Olympic Park.”

The 17-tale high-rise sits on 1.5-acres and will offer first-class amenities including duckpin bowling, shuffleboard, a pool deck with trellis area and firepit, fitness center with state-of-the-art equipment, yoga studio, rooftop lounge with outdoor theatre as well as an indoor sky deck with a multi-screen theatre. The 336-unit development will offer studio, one-bedroom and two-bedroom floorplans, ranging in size from 616 square-foot studios up to 1,270 square-foot two-bedrooms. 

“We’ve been bullish on Atlanta for more than 30 years,” said Morris Kaplan, chairman and CEO at Kaplan Residential. “I had the privilege to work with Mayor Andrew Young for our first Downtown projects, and now the next generation of Kaplans, my son, Nathan, is spearheading Generation Atlanta with Mayor Bottoms.”

Kaplan is proud to partner with Niles Bolton Associates, CBG Building Co., Parse Capital, Focus Design Interiors, Citizens Bank and Santander on this project.

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