Hamilton Zanze has acquired the 312-unit Lodge on the Chattahoochee apartment community in Sandy Springs, Ga.
The purchase marked the firm's 11th acquisition of the 2019 year. The acquisition is part of a three-property portfolio that HZ is purchasing from Aimco, comprising the Lodge on the Chattahoochee, Timbers at Long Reach and Chimneys of Cradlerock.
“With its large unit floorplans and access to the Chattahoochee River, Lodge on the Chattahoochee serves a desirable and underserved demographic in the area,” said David Nelson, managing director of acquisitions for Hamilton Zanze.
The community is located less than 20 miles north of downtown Atlanta. Built in 1973, Lodge on the Chattahoochee was 98 percent occupied at the time of purchase. The community offers immediate access to more than 22 miles of riverfront trail, a fitness cent
