From The Real Deal · Hunter Cooke · · 40s
TruAmerica Acquires Garden-Style Apartments in Atlanta
TruAmerica buys 446-unit Atlanta property to boost renovation potential.
In brief
TruAmerica buys 446-unit Atlanta property to boost renovation potential. TruAmerica acquired a 446-unit garden-style apartment complex in northern Atlanta with high renovation potential as the area lacks multifamily units for 2027 delivery. Originally reported by The Real Deal.
TruAmerica Acquires Garden-Style Apartments
TruAmerica Multifamily has acquired the Bricks at Perimeter Center, a 446-unit garden-style apartment complex near Dunwoody, Georgia.
Atlanta Supply Desert for Multifamily Units
The Dunwoody area has no multifamily units set for 2027 delivery, with only 321 total units in the Perimeter Center submarket for that year.
Renovation Potential and Future Plans
99 percent of the complex, or 442 units, could be renovated, with potential additions like quartz countertops and stainless steel appliances.
At a glance
TruAmerica acquired a 446-unit garden-style apartment complex in northern Atlanta with high renovation potential as the area lacks multifamily units for 2027 delivery.
