CBRE, Inc. announced the recent sale of a three-property portfolio totaling 920 units in South Suburban Atlanta. CBRE’s Kevin Geiger and Shea Campbell of the Southeast Multifamily Group exclusively represented the seller, Bridge Investment Group.

Encompassing three different markets, the portfolio will allow the buyers, Florida-based Robbins Electra and Electra America, to provide quality housing options, in highly desirable parts of Atlanta. The properties consist of Cameron Landing at 3470 Mount Zion Road in Stockbridge, Oakley Park at 5474 Oakley Industrial Boulevard in Fairburn, and Ashley Vista at 100 Camellia Lane in Lithonia.

With a well-balanced mix of floorplans at each location and an array of community and area amenities, the apartments cater to a variety of potential residents.

·      Ashley Vista is across the street from DeKalb Medical, catering to more than 500 medical professionals while offering the convenience of an outdoor pool, fitness center, and clubhouse.

·      Cameron Landing is located near several retail shopping centers with access to the major transportation thoroughfare of I-75. Its positioning along a high-traffic point ensures a robust amount of activity.

·      Oakley Park, based in the hub of the thriving film and logistics industries that are boosting the local economy, is an institutional quality asset with excellent curb appeal.

“The portfolio, located in the under-served suburbs of Atlanta, gives the buyer an excellent investment opportunity primed for value-add upgrades that would substantially boost rent,” said Kevin Geiger, Vice Chairman, CBRE. “Further, as suburban garden apartments, these properties have some of the most favorable risk-reward metrics of all investment categories, and, driven by strong performance in the Atlanta suburbs, show a vigorous rent growth trend.”

As the Atlanta metro continues to thrive with rapid job and population growth, multifamily communities with value-add potential will remain incredibly appealing to buyers.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue).  The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.  Please visit our website at www.cbre.com.