In the news
December 14, 2017
New York Apartment Investor Re-Enters Atlanta With New Greystar Development
A New York apartment investor has returned to Atlanta's hot multifamily market with a new buy and plans for more. GAIA Real Estate purchased Station R, a 285-unit, high-end apartment project in Reynoldstown, from Greystar for an undisclosed sum. The project also includes 16K SF of retail along Moreland Avenue and is just a block from the Inman Park/Reynoldstown MARTA station, according to Curbed Atlanta. Greystar completed the project earlier this year.
December 13, 2017
Credit Score Hurdle Harder To Clear For Apartment Renters
Though millennials are flocking to the city to be closer to work, research shows the more competitive the market, the better the credit score that is needed to secure an apartment.
December 08, 2017
Gaia Real Estate Acquires Two Newly-Constructed Class A Properties in Atlanta and Nashville
Atlanta and Nashville proved equally attractive to a New York firm that teamed with two Israeli investors to acquire a combined 591 units in the Southern cities. Gaia Real Estate of New York and Israel's Amitim Senior Pension Funds and Psagot Investment house said this week they acquired Station R in Atlanta and The Carillon in Nashville for undisclosed prices. The seller of Station R was Greystar Real Estate Partners, and The Carillon was developed, constructed and managed by Embrey Partners of San Antonio, TX. Walker & Dunlop Investment Sales represented the seller of Station R, and CBRE of The Carillon. Both assets are situated in historic neighborhoods that have become trendy and attractive to millennial renters. Station R is in Atlanta's Reynoldstown neighborhood, and The Carillon is across the street from First Tennessee Park, home of AAA baseball club Nashville Sounds, in Germantown.
September 07, 2017
Gaia and Acro score $76M to refi new Murray Hill condo conversion
Gaia Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday. Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.