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Sign in Sign up for a FREE subscriptionVista Realty raises $26m for Douglasville multifamily complex
Atlanta-based Vista Realty Partners has received $26 million in construction financing for a 303-unit multifamily apartment complex in Douglasville, Calif.
The real estate company is looking to raise $41 million total. The financing so far has been provided by Synovus Bank.
Surrounded by 40 acres of woodlands, the property is located near Sweetwater Creek State Park. It will feature one-to-three bedroom units ranging from $850 to $1,500, as well as an on-site nature trail fitness area. Units will range from 600 square feet in size to 1,450 square feet.
The community is located near the I-20 and I-285 corridor, as well as the Hartsfield-Jackson International Airport and Atlanta’s Midtown district.