{"id":1004071414,"date":"2013-04-19T10:31:16","date_gmt":"2013-04-19T18:31:16","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=119676"},"modified":"2020-04-06T00:20:33","modified_gmt":"2020-04-06T08:20:33","slug":"jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/","title":{"rendered":"JLL, Transwestern Find Buyers for Three Metro Atlanta Apartment Communities"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Georgiana Mihaila, Associate Editor<\/em><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/alara-state-bridge.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-119677\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/alara-state-bridge.jpg\" alt=\"\" width=\"300\" height=\"199\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">In what seems to be an eventful week for the metro Atlanta multifamily market, three apartment communities are now under new ownership.<\/p>\n<p style=\"text-align: justify;\">Jones Lang LaSalle\u2019s Capital Markets was responsible for the successful sale of two such properties. Working on behalf of owner American Realty Advisors, managing directors David Gutting and Derrick Bloom closed on the sale of ALARA State Bridge and ALARA Highland Park, properties that were placed on the market less than four months ago. No financial terms of the transaction have been disclosed.<\/p>\n<p style=\"text-align: justify;\">ALARA State Bridge is a 224-unit apartment community located at 10840 State Bridge Road in Johns Creek, GA. Built in 1998, the community features modern architecture and luxury amenities, and it is destined to cater to families looking for top-rated schools and proximity to high-tech employment.<\/p>\n<p style=\"text-align: justify;\">The 188-unit ALARA Highland Park, located at 100 Highland Park Trail in Sandy Springs, GA is a wooded Williamsburg-inspired community. Built in 1995, the apartment asset aims to attract young professionals as it is set within proximity to the entertainment and nightlife venues of Downtown Roswell, Dunwoody Village and the Central Perimeter Office submarket.<\/p>\n<p style=\"text-align: justify;\">Transwestern\u2019s Atlanta office also closed on the sale of a 305-unit multifamily community this week; PointOne Holdings LLC, a South Florida investor of single- and multifamily properties, bought Steeple Chase Apartments at 5940 Singleton Road in Norcross, GA.for approximately $13.3 million, or $43,525 per unit. Transwestern\u2019s managing directors Mike McGaughy and Jon Kleinberg represented the seller, Cortland Partners.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/employ.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-119678\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/employ.jpg\" alt=\"\" width=\"300\" height=\"269\" \/><\/a>\u201cThe Atlanta multifamily market is continuing to strengthen,\u201d said McGaughy, Transwestern\u2019s multifamily specialist. \u201cThe addition of new jobs and a lack of any meaningful suburban development have pushed up property values 20 to 25 percent over where they were trading just two years ago. We believe these trends will continue not only in Atlanta, but throughout the Southeast.\u201d<\/p>\n<h4 style=\"text-align: justify;\">Image: ALARA State Bridge via Facebook<\/h4>\n<h4 style=\"text-align: justify;\">Chart via <a href=\"https:\/\/www.marcusmillichap.com\/\" target=\"_blank\" rel=\"nofollow\">Marcus &amp; Millichap<\/a><\/h4>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In what seems to be an eventful week for the metro Atlanta multifamily market, three apartment communities are now under new ownership.<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21742],"tags":[39387],"class_list":["post-1004071414","post","type-post","status-publish","format-standard","hentry","category-atlanta","category-latest","tag-atlanta"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>JLL, Transwestern Find Buyers for Three Metro Atlanta Apartment Communities - 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\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL, Transwestern Find Buyers for Three Metro Atlanta Apartment Communities\" \/>\n<meta property=\"og:description\" content=\"In what seems to be an eventful week for the metro Atlanta multifamily market, three apartment communities are now under new ownership.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/\" \/>\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=\"2013-04-19T18:31:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-06T08:20:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/alara-state-bridge.jpg\" \/>\n<meta name=\"author\" content=\"Georgiana Mihaila\" \/>\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\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/\"},\"author\":{\"name\":\"Georgiana Mihaila\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7f47e1fdc15ee76043a807c37aa761f9\"},\"headline\":\"JLL, Transwestern Find Buyers for Three Metro Atlanta Apartment Communities\",\"datePublished\":\"2013-04-19T18:31:16+00:00\",\"dateModified\":\"2020-04-06T08:20:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/\"},\"wordCount\":324,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/alara-state-bridge.jpg\",\"keywords\":[\"Atlanta\"],\"articleSection\":[\"Atlanta\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/\",\"name\":\"JLL, Transwestern Find Buyers for Three Metro Atlanta Apartment Communities - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/alara-state-bridge.jpg\",\"datePublished\":\"2013-04-19T18:31:16+00:00\",\"dateModified\":\"2020-04-06T08:20:33+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7f47e1fdc15ee76043a807c37aa761f9\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/alara-state-bridge.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/alara-state-bridge.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JLL, Transwestern Find Buyers for Three Metro Atlanta Apartment Communities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7f47e1fdc15ee76043a807c37aa761f9\",\"name\":\"Georgiana Mihaila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"caption\":\"Georgiana Mihaila\"},\"description\":\"After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world\u2019s leading self-dev media companies, Goalcast Inc. She\u2019s now combining her passion for engaging content with a long-lasting addiction to real estate on FancyPantsHomes.com\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/georgiana\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JLL, Transwestern Find Buyers for Three Metro Atlanta Apartment Communities - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/","og_locale":"en_US","og_type":"article","og_title":"JLL, Transwestern Find Buyers for Three Metro Atlanta Apartment Communities","og_description":"In what seems to be an eventful week for the metro Atlanta multifamily market, three apartment communities are now under new ownership.","og_url":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-04-19T18:31:16+00:00","article_modified_time":"2020-04-06T08:20:33+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/alara-state-bridge.jpg","type":"","width":"","height":""}],"author":"Georgiana Mihaila","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/"},"author":{"name":"Georgiana Mihaila","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9"},"headline":"JLL, Transwestern Find Buyers for Three Metro Atlanta Apartment Communities","datePublished":"2013-04-19T18:31:16+00:00","dateModified":"2020-04-06T08:20:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/"},"wordCount":324,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/alara-state-bridge.jpg","keywords":["Atlanta"],"articleSection":["Atlanta","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/","url":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/","name":"JLL, Transwestern Find Buyers for Three Metro Atlanta Apartment Communities - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/alara-state-bridge.jpg","datePublished":"2013-04-19T18:31:16+00:00","dateModified":"2020-04-06T08:20:33+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/alara-state-bridge.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/alara-state-bridge.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jll-transwestern-find-buyers-for-three-metro-atlanta-apartment-communities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"JLL, Transwestern Find Buyers for Three Metro Atlanta Apartment Communities"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9","name":"Georgiana Mihaila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g","caption":"Georgiana Mihaila"},"description":"After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world\u2019s leading self-dev media companies, Goalcast Inc. She\u2019s now combining her passion for engaging content with a long-lasting addiction to real estate on FancyPantsHomes.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/georgiana\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004071414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004071414"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004071414\/revisions"}],"predecessor-version":[{"id":1004408722,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004071414\/revisions\/1004408722"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004071414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004071414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004071414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}