A joint venture between Myers Apartment Group and Torchlight Investors have secured $125.5 million in refinancing for the MAG Portfolio, a three-property multifamily collection featuring class A garden-style apartment communities in Austin and the Atlanta metropolitan area.
The portfolio includes Citadel at Tech Ridge, Highlands at Sweetwater Creek, and Symphony at Suwanee Creek. Built between 2019 and 2021, the properties are 91.7 percent occupied, totaling more than 730,000 square feet of rentable residential space with an average unit size of 916 square feet.
The Citadel at Tech Ridge, the portfolio’s largest asset with 308 units and an average unit size of 869 square feet, is located at 1127 Pearl Retreat Lane in Austin’s thriving Tech Ridge area. Highlands at Sweetwater Creek comprises 290 units, averaging 926 square feet, located at 2789 Satellite Blvd. in Duluth, Ga. Symphony at Suwanee Creek offers 200 units, averaging 974 square feet, located at 1630 Peach
