Value-Add Investors Returning to Atlanta

windward

After several years of hibernation, value-add investors are starting to appear in Atlanta once more. The improved debt market and increased job growth have attracted significant investor attention in recent quarters, and Cornerstone Real Estate Advisors decided to get in on the action. Cornerstone has purchased Windward Fairways I & II and Preston Ridge for a combined $49.2 million ($110 PSF), and is in turn making a huge statement about their confidence in the Atlanta office market. Invesco Real Estate, who sold all three buildings to Cornerstone, cited portfolio consolidation as motivation behind the sale.

0

Add a Comment