{"id":132492,"date":"2025-03-14T08:14:53","date_gmt":"2025-03-14T08:14:53","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/real-estate\/atlantic-pacific-buys-212-unit-atlanta-community\/"},"modified":"2025-03-14T08:14:53","modified_gmt":"2025-03-14T08:14:53","slug":"atlantic-pacific-buys-212-unit-atlanta-community","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=132492","title":{"rendered":"Atlantic Pacific Buys 212-Unit Atlanta Community"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;uploadedSrc&quot;:&quot;https:\\\/\\\/www.multihousingnews.com\\\/wp-content\\\/uploads\\\/sites\\\/57\\\/2025\\\/03\\\/Canterbury-Ridge-Apartments.jpg&quot;,&quot;figureClassNames&quot;:&quot;alignright size-full is-resized&quot;,&quot;figureStyles&quot;:null,&quot;imgClassNames&quot;:&quot;wp-image-1005053722&quot;,&quot;imgStyles&quot;:&quot;width:400px&quot;,&quot;targetWidth&quot;:640,&quot;targetHeight&quot;:480,&quot;scaleAttr&quot;:false,&quot;ariaLabel&quot;:&quot;Enlarge image: Exterior shot of one of the buildings at Canterbury Ridge Apartments. The three-story building has white and yellow facade.&quot;,&quot;alt&quot;:&quot;Exterior shot of one of the buildings at Canterbury Ridge Apartments. The three-story building has white and yellow facade.&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.multihousingnews.com\/wp-content\/uploads\/sites\/57\/2025\/03\/Canterbury-Ridge-Apartments.jpg\" alt=\"Exterior shot of one of the buildings at Canterbury Ridge Apartments. The three-story building has white and yellow facade.\" class=\"wp-image-1005053722\" style=\"width:400px\" \/><button class=\"lightbox-trigger\" type=\"button\" aria-label=\"Enlarge image: Exterior shot of one of the buildings at Canterbury Ridge Apartments. The three-story building has white and yellow facade.\" data-wp-init=\"callbacks.initTriggerButton\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-style--right=\"context.imageButtonRight\" data-wp-style--top=\"context.imageButtonTop\"><\/p>\n<p>\t\t<\/button><figcaption class=\"wp-element-caption\">The community will undergo a multimillion-dollar improvement plan that will include interior and exterior upgrades. <em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure>\n<\/div>\n<p>Atlantic Pacific Cos., via its affiliate Blue Atlantic Partners, has acquired Canterbury Ridge Apartments, a 212-unit community in Canton, Ga., an Atlanta suburb. Dominium sold the asset for $41 million, according to Yardi Matrix information.<\/p>\n<p>The buyer took out a $26.5 million Freddie Mac loan for the acquisition, originated by NewPoint Real Estate Capital, the same source shows. The note is set to expire in March 2030.<\/p>\n<p>Atlantic Pacific Cos. will rebrand the property as The Atlantic Canton Ridge. Additionally, the firm will manage the community and plans to implement a multimillion-dollar capex program that will include interior and exterior upgrades. <\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\" \/>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.multihousingnews.com\/will-multifamily-thrive-in-25-the-outlook-is-improving\/\">Will Multifamily Thrive in \u201925?<\/a><\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\" \/>\n<p>Completed in 1999, the property is at 101 Canterbury Ridge, close to Interstate 575 and the Shoppes at Prominence Point retail center. Downtown Atlanta is 37 miles southeast, while Hartsfield-Jackson Atlanta International Airport is 47 miles away.<\/p>\n<p>The Class B community encompasses eight three-story buildings spread across almost 15 acres. The unit mix consists of one-, two- and three-bedroom floorplans ranging from 654 to 1,338 square feet. Common-area amenities include a swimming pool, a fitness center, a clubhouse and a playground, as well as laundry facilities.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-metro-atlanta-sales-remain-steady\">Metro Atlanta sales remain steady<\/h2>\n<p>Metro Atlanta\u2019s <a href=\"https:\/\/www.multihousingnews.com\/top-markets-for-multifamily-investment\/\">multifamily transactions activity <\/a>last year comprised 110 properties\u201424,703 units\u2014that traded for $4.2 billion, according to Yardi Matrix. These figures are consistent with those registered in 2023, when 115 assets\u201422,276 apartments\u2014changed hands for $4 billion.<\/p>\n<p>Among Atlanta&#8217;s largest deals in 2024 was Equity Residential\u2019s purchase of the 320-unit Iris O4W. Trammell Crow Residential sold the asset in July for $126.3 million\u2014about $394,531 per unit, the same data provider shows.<\/p>\n<p>The post <a href=\"https:\/\/www.multihousingnews.com\/atlantic-pacific-buys-212-unit-atlanta-community\/\">Atlantic Pacific Buys 212-Unit Atlanta Community<\/a> appeared first on <a href=\"https:\/\/www.multihousingnews.com\">Multi-Housing News<\/a>.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>The community will undergo a multimillion-dollar improvement plan that will include interior and exterior upgrades. Image courtesy of Yardi Matrix Atlantic Pacific Cos., via its affiliate Blue Atlantic Partners, has acquired Canterbury Ridge Apartments, a 212-unit community in Canton, Ga., an Atlanta suburb. Dominium sold the asset for $41 million, according to Yardi Matrix information. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[57417,16390,30334,15579,6876,9906],"dealstore":[],"offerexpiration":[],"class_list":["post-132492","post","type-post","status-publish","format-standard","hentry","category-real-estate","tag-212unit","tag-atlanta","tag-atlantic","tag-buys","tag-community","tag-pacific"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Atlantic Pacific Buys 212-Unit Atlanta Community - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=132492\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlantic Pacific Buys 212-Unit Atlanta Community - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"The community will undergo a multimillion-dollar improvement plan that will include interior and exterior upgrades. Image courtesy of Yardi Matrix Atlantic Pacific Cos., via its affiliate Blue Atlantic Partners, has acquired Canterbury Ridge Apartments, a 212-unit community in Canton, Ga., an Atlanta suburb. Dominium sold the asset for $41 million, according to Yardi Matrix information. 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Image courtesy of Yardi Matrix Atlantic Pacific Cos., via its affiliate Blue Atlantic Partners, has acquired Canterbury Ridge Apartments, a 212-unit community in Canton, Ga., an Atlanta suburb. Dominium sold the asset for $41 million, according to Yardi Matrix information. 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