{"id":1004035137,"date":"2011-12-16T05:10:04","date_gmt":"2011-12-16T13:10:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004035137"},"modified":"2022-12-07T10:13:24","modified_gmt":"2022-12-07T18:13:24","slug":"iron-gate-makes-106-5m-m-f-pickup-in-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/iron-gate-makes-106-5m-m-f-pickup-in-atlanta\/","title":{"rendered":"Iron Gate Makes $106.5M M-F Pickup in Atlanta"},"content":{"rendered":"

December 16, 2011<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em>
\n

\"\"<\/a>

Villas at Newnan Crossing<\/p><\/div><\/p>\n

The investment side of the Atlanta apartment scene continues to grow in volume. The latest is Iron Gate Realty Partners \u2013 a venture of GFI Capital Resource Group \u2013 picking up the city\u2019s Villas portfolio for $106.5 million from Davis Development. The portfolio consists of four buildings totaling 1,168 units.<\/p>\n

The four buildings, Villas at Newnan Crossing, Villas at Kennesaw, Villas at Sugarloaf and Villas at West Ridge, were all constructed between 2005 and 2008. According to Robert Mascaro, vice president of Southeast acquisitions for Iron Gate, a prime concern will be the greening of the property. \u201cWe are focused on reducing energy consumption and will be adding many energy efficient components over the next 12 months,\u201d he said.<\/p>\n

While multi-family in general is a big area for institutional investment, the Atlanta market is particularly heated. According to a fourth-quarter report by Marcus & Millichap Real Estate Services, the apartment-vacancy rate remains on track to fall to its lowest rate in three years and demand is only going to intensify \u2013 especially since new completions in 2011 are at their lowest levels in 10 years. \u201cPersistent institutional interest in the metro\u2019s large, Class A complexes, especially those built in the past 20 years, are pushing many private investors to stabilized Class B product,\u201d the report noted.<\/p>\n","protected":false},"excerpt":{"rendered":"

The investment side of the Atlanta apartment scene continues to grow in volume, and the latest transaction is Iron Gate Realty Partners picking up the city\u2019s Villas portfolio for $106.5 million from Davis Development. <\/p>\n","protected":false},"author":1201,"featured_media":1004038225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742],"tags":[],"class_list":["post-1004035137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest"],"acf":[],"yoast_head":"\nIron Gate Makes $106.5M M-F Pickup in Atlanta - Commercial Property Executive<\/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:\/\/www.commercialsearch.com\/news\/iron-gate-makes-106-5m-m-f-pickup-in-atlanta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iron Gate Makes $106.5M M-F Pickup in Atlanta\" \/>\n<meta property=\"og:description\" content=\"The investment side of the Atlanta apartment scene continues to grow in volume, and the latest transaction is Iron Gate Realty Partners picking up the city\u2019s Villas portfolio for $106.5 million from Davis Development.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/iron-gate-makes-106-5m-m-f-pickup-in-atlanta\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-16T13:10:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T18:13:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121611-Villas-at-Newnan-Crossing-Atlanta.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iron-gate-makes-106-5m-m-f-pickup-in-atlanta\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iron-gate-makes-106-5m-m-f-pickup-in-atlanta\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Iron Gate Makes $106.5M M-F Pickup in Atlanta\",\"datePublished\":\"2011-12-16T13:10:04+00:00\",\"dateModified\":\"2022-12-07T18:13:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iron-gate-makes-106-5m-m-f-pickup-in-atlanta\\\/\"},\"wordCount\":233,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iron-gate-makes-106-5m-m-f-pickup-in-atlanta\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/12\\\/121611-Villas-at-Newnan-Crossing-Atlanta.jpg\",\"articleSection\":[\"Featured\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iron-gate-makes-106-5m-m-f-pickup-in-atlanta\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iron-gate-makes-106-5m-m-f-pickup-in-atlanta\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/iron-gate-makes-106-5m-m-f-pickup-in-atlanta\\\/\",\"name\":\"Iron Gate Makes $106.5M M-F Pickup in Atlanta - 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