Rosewood Realty Group National Investment Sales Division has closed on the $133 million acquisition of a multifamily portfolio in Atlanta, GA, on behalf of Canadian real estate company, Venterra Realty.
The acquisition included 309 units at The Whitney at Sandy Springs and 505-units at The Harrison, both located in the Sandy Spring submarket of Atlanta.
Rosewood’s Jonathan Brody and Elliot Haft represented Venterra Realty. CBRE represented the seller, Covenant Capital Group.
“We have been working with Venterra for quite some time in multiple states and are happy to get a deal done with them in Atlanta,” said Brody who was appointed in January by Rosewood’s Founder & CEO Aaron Jungreis to lead the company’s new National Investment Sales division to focus on off-market multifamily transactions nationally.
Both complexes were recently renovated and upgraded, offering one- two and three-bedroom floor plans. Amenities include an outdoor swimming pool, spa, playground, BBQ area and fitness center.
“The Atlanta market has been one of very few to rebound quickly from the coronavirus pandemic,” said Haft. “We are thrilled to have presented this opportunity to Venterra and glad we were able to get it through the finish line in these challenging times.”
Since launched its National Investment Sales division, Rosewood has closed on several major trades, including a $117 million multifamily sale in Maryland and $78 million portfolio in Texas. The firm also has a $45 million deal in hard contract in Washington DC as well as a $54 million deal in Connecticut that is expected to close by year-end.