Lion Real Estate Group has acquired Collier Ridge (100 Noble Creek Drive), a 300-unit multifamily property located in West Buckhead, Atlanta, for $67 million. Further terms of the sale were not disclosed.
The property, which was first built in 1980, offers full amenities, including a resort-style pool, lit tennis court, playground, fitness center and dog park.
“We are delighted to expand the Atlanta section of our portfolio with another acquisition outside of the city’s urban core,” said Jeff Weller, co-founder and managing principal of LREG. “The city has become a domestic leader in terms of job prospects, rent collection resiliency, and multifamily market performance, making it an attractive destination to deploy capital and realize promising returns alongside our investors.”
Prior to selling, Collier Ridge completed premium renovations to 60 percent of its units, upgrading them with new cabinetry, stainless steel appliances, vinyl flooring, granite
