Chicago-based Oak Residential Partners has purchased Marquis at Briarcliff, a 104-unit, garden-style apartment community in the North Druid Hills submarket of Atlanta. The seller was CWS Capital Partners, and financial terms were not disclosed.
Marquis at Briarcliff is located at 1000 Gables Way, centrally positioned between Buckhead and Midtown and close to Atlanta’s leading private and institutional employers. In addition, the property is in the heart of a dense medical cluster anchored by the CDC headquarters, Emory University Hospital, the VA Medical Hospital and the American Cancer Society, as well as two new medical campuses being developed by Emory Healthcare and Children’s Healthcare of Atlanta.
Marquis at Briarcliff comprises four residential buildings offering one-, two- and three-bedroom floorplans. Community amenities include a resort-style swimming pool, 24-hour fitness center, outdoor grilling stations and a dog park.
The buyer plans to impleme
