Sagard Real Estate (SRE), a U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm, announced the acquisition of Belmont Place, a 326-unit class A garden-style multifamily community located at 2825 Windy Hill Road SE in Marietta, Ga.
Located in Atlanta’s Cumberland/Galleria submarket, the acquisition expands SRE’s multifamily portfolio and reflects the firm’s continued focus on well-located rental housing communities in established suburban markets with durable demand drivers, strong employment access and favorable long-term fundamentals.
Built in 2004, Belmont Place comprises 12 residential buildings on a low-density 25.75-acre site. The community includes 326 one-, two- and three-bedroom apartment homes averaging approximately 1,055 square feet, along with ample parking. The property is 94 percent occupied.
Residences feature 9-foot ceilings, full-size washers and dryers, plank floori
