{"id":1004117748,"date":"2015-04-17T11:48:36","date_gmt":"2015-04-17T19:48:36","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=341151"},"modified":"2022-12-08T12:56:19","modified_gmt":"2022-12-08T20:56:19","slug":"two-suburban-atlanta-apartment-communities-change-hands-for-22m-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/","title":{"rendered":"Two Suburban Atlanta Apartment Communities Change Hands for $22M"},"content":{"rendered":"

By Balazs Szekely, Associate Editor<\/em> \"\"<\/a><\/p>\n

Dallas based The Milestone Group recently sold two Atlanta area communities called Villas at Indian Trail and Shannon Chase to separate investors for the total amount of $22 million, ARA Newmark announced. Vice Chairman John Weber, Executive Managing Director Bill Shippen and Managing Director Chad DeFoor of ARA Newmark spoke for the seller in both transactions.<\/p>\n

According to DeFoor, the properties were initially put to market as a portfolio and attracted over a dozen offers from local and regional investors \u2013 both as a pair and individually \u2013 as value-add apartment deals are currently in high demand in Atlanta. Located in Lilburn, Ga., with easy access to Interstates 85 and 285, Villas at Indian Trail was acquired by Atlanta-based Mesa Capital for $14.3 million. The 236 homes were constructed in 1986 and include one- and two-bedroom units with amenities like a strength and cardio center, two lighted tennis courts, an outdoor fire pit and kitchen, a playscape and a pool with a sundeck.<\/p>\n

Triangle Real Estate of Gastonia, N.C., purchased the 156-unit, 98%-occupied Shannon Chase for $7.3 million. Located in Union City, Ga., near Interstate 85, the neighborhood was built in 1987 and it also features one- and two-bedroom homes. It offers a selection of amenities similar to the above listed, including a pool with a sundeck, strength and cardio center, two lighted tennis courts, BBQ grilling areas and a business center. Both buyers plan to add value to the properties by upgrading units as they turn over, he said.<\/p>\n

Photo credits: ARA Newmark<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Dallas-based The Milestone Group recently sold two Atlanta-area communities called Villas at Indian Trail and Shannon Chase to separate investors for the total amount of $22 million, ARA Newmark announced.<\/p>\n","protected":false},"author":755,"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-1004117748","post","type-post","status-publish","format-standard","hentry","category-atlanta","category-latest","tag-atlanta"],"acf":[],"yoast_head":"\nTwo Suburban Atlanta Apartment Communities Change Hands for $22M - 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\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two Suburban Atlanta Apartment Communities Change Hands for $22M\" \/>\n<meta property=\"og:description\" content=\"Dallas-based The Milestone Group recently sold two Atlanta-area communities called Villas at Indian Trail and Shannon Chase to separate investors for the total amount of $22 million, ARA Newmark announced.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/\" \/>\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=\"2015-04-17T19:48:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:56:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Villas-at-Indian-Trail-Shannon-Chase-atlanta.jpg\" \/>\n<meta name=\"author\" content=\"Suzann D. Silverman\" \/>\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\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/\"},\"author\":{\"name\":\"Suzann D. Silverman\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c76ee9cae0414c33cc46212296dda6b9\"},\"headline\":\"Two Suburban Atlanta Apartment Communities Change Hands for $22M\",\"datePublished\":\"2015-04-17T19:48:36+00:00\",\"dateModified\":\"2022-12-08T20:56:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/\"},\"wordCount\":258,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/Villas-at-Indian-Trail-Shannon-Chase-atlanta.jpg\",\"keywords\":[\"Atlanta\"],\"articleSection\":[\"Atlanta\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/\",\"name\":\"Two Suburban Atlanta Apartment Communities Change Hands for $22M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/Villas-at-Indian-Trail-Shannon-Chase-atlanta.jpg\",\"datePublished\":\"2015-04-17T19:48:36+00:00\",\"dateModified\":\"2022-12-08T20:56:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c76ee9cae0414c33cc46212296dda6b9\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/Villas-at-Indian-Trail-Shannon-Chase-atlanta.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/Villas-at-Indian-Trail-Shannon-Chase-atlanta.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Two Suburban Atlanta Apartment Communities Change Hands for $22M\"}]},{\"@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\\\/c76ee9cae0414c33cc46212296dda6b9\",\"name\":\"Suzann D. Silverman\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/03\\\/SSilverman_101713_04_cropped-for-headshot.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/03\\\/SSilverman_101713_04_cropped-for-headshot.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/03\\\/SSilverman_101713_04_cropped-for-headshot.jpg?w=96\",\"caption\":\"Suzann D. Silverman\"},\"description\":\"Suzann D. Silverman is editorial director of CPE. She has covered the commercial and multifamily real estate industry since 1995, becoming editor-in-chief of Commercial Property Executive (formerly Commercial Property News) in 1998 and editorial director of both CPE and Multi-Housing News in 2016. She is also a longtime board member of the National Association of Real Estate Editors, currently serving as vice president. You can reach her at suzann.silverman@cpe-mhn.com.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/suzann-d-silverman\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Two Suburban Atlanta Apartment Communities Change Hands for $22M - 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\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/","og_locale":"en_US","og_type":"article","og_title":"Two Suburban Atlanta Apartment Communities Change Hands for $22M","og_description":"Dallas-based The Milestone Group recently sold two Atlanta-area communities called Villas at Indian Trail and Shannon Chase to separate investors for the total amount of $22 million, ARA Newmark announced.","og_url":"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-04-17T19:48:36+00:00","article_modified_time":"2022-12-08T20:56:19+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Villas-at-Indian-Trail-Shannon-Chase-atlanta.jpg","type":"","width":"","height":""}],"author":"Suzann D. Silverman","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\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/"},"author":{"name":"Suzann D. Silverman","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c76ee9cae0414c33cc46212296dda6b9"},"headline":"Two Suburban Atlanta Apartment Communities Change Hands for $22M","datePublished":"2015-04-17T19:48:36+00:00","dateModified":"2022-12-08T20:56:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/"},"wordCount":258,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Villas-at-Indian-Trail-Shannon-Chase-atlanta.jpg","keywords":["Atlanta"],"articleSection":["Atlanta","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/","url":"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/","name":"Two Suburban Atlanta Apartment Communities Change Hands for $22M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Villas-at-Indian-Trail-Shannon-Chase-atlanta.jpg","datePublished":"2015-04-17T19:48:36+00:00","dateModified":"2022-12-08T20:56:19+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c76ee9cae0414c33cc46212296dda6b9"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Villas-at-Indian-Trail-Shannon-Chase-atlanta.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Villas-at-Indian-Trail-Shannon-Chase-atlanta.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/two-suburban-atlanta-apartment-communities-change-hands-for-22m-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Two Suburban Atlanta Apartment Communities Change Hands for $22M"}]},{"@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\/c76ee9cae0414c33cc46212296dda6b9","name":"Suzann D. Silverman","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/SSilverman_101713_04_cropped-for-headshot.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/SSilverman_101713_04_cropped-for-headshot.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/SSilverman_101713_04_cropped-for-headshot.jpg?w=96","caption":"Suzann D. Silverman"},"description":"Suzann D. Silverman is editorial director of CPE. She has covered the commercial and multifamily real estate industry since 1995, becoming editor-in-chief of Commercial Property Executive (formerly Commercial Property News) in 1998 and editorial director of both CPE and Multi-Housing News in 2016. She is also a longtime board member of the National Association of Real Estate Editors, currently serving as vice president. You can reach her at suzann.silverman@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/suzann-d-silverman\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004117748","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\/755"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004117748"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004117748\/revisions"}],"predecessor-version":[{"id":1004621759,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004117748\/revisions\/1004621759"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004117748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004117748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004117748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}