In a notable transaction within Atlanta’s real estate landscape, Clark Ventures has acquired the Park at the Hill apartments for approximately $69.5 million. This complex, consisting of 296 units, is situated off Peachtree Dunwoody Road in Central Perimeter and was sold by Broadtree Aspire Perimeter.
Broadtree Aspire Perimeter is affiliated with Benefit Street Partners, an alternative asset management firm based in New York. In 2019, Broadtree Residential purchased Park at the Hill for about $69 million, reflecting a consistent valuation in the multifamily sector over the past six years, according to records from the Georgia Superior Court Clerks’ Cooperative Authority database.
Interestingly, the sale of Park at the Hill comes during a resurgence in multifamily transactions throughout Atlanta. Recent data indicates that approximately $2.3 billion in apartment properties changed hands in the first half of 2025, marking a significant increase of nearly $1 billion compared to the same timeframe in 2024. However, this figure still falls short of the peak reached in 2022, as reported by CoStar.
The acquisition of Park at the Hill stands as the third-most expensive multifamily deal in Metro Atlanta for the year. The top spot is held by Equity Residential’s purchase of The Falls at Forsythe for $102 million, followed closely by the $90 million acquisition of Summit Crossing Apartments in Cumming.
Adding to the commercial real estate movement, supply chain software company Kaleris has leased 26,000 square feet at Preston Ridge III, a six-story office building in Alpharetta. This building, owned by Hobbs Brook Real Estate, previously operated as subleased space for Kaleris. The landlord was represented by Colliers, while CBRE represented Kaleris.
In financing news, CCI Real Estate secured a $67 million construction loan to develop Impact Athens, an eight-story student housing project located on the University of Georgia’s campus. This loan was arranged by Summerhill CRE Capital’s Lance Thurman and originated by Affinius Capital. The impactful project will feature 243 units offering 353 beds in fully furnished accommodations, including modern amenities like stainless steel appliances and granite countertops.
Future residents will enjoy numerous amenities, such as a rooftop swimming pool, a study lounge, a coffee shop, and 21,000 square feet of commercial space, accompanied by a 356-space parking garage. The project is anticipated to be completed in the fall of 2027. Additionally, CCI plans to transition the Baptist Collegiate Ministries from its current building to a new site on Lumpkin Street, incorporating student housing developments.
Moreover, Windsor Stevens Holdings has announced updates to its development plans for The Frazier, a mixed-use apartment project in Chamblee. The firm has increased the project size from 144 units to 315 units and added 10,000 square feet of ground-floor retail space. The previous design had intended for only 7,400 square feet of retail, illustrating a broader vision for the development. A 338-space podium parking deck will also be a standout feature of this project.
In a separate development, CP Group has appointed CBRE’s Garrett Benefiel to market Lakeside Medical Center. This 100,000-square-foot office building in Central Perimeter has recently been converted to accommodate medical office use, capitalizing on its prime location within the Lakeside Office Park campus at 5775 Glenridge Drive – Building E, situated along the notable medical corridor of Pill Hill.
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