We are pleased to announce that we have closed on our first two acquisitions in Atlanta, Georgia, with the combined purchase price of $83.25 million. Lion Real Estate Group has acquired Domain and Everly Apartments (formerly known as “Ashford 6860” and “2800 at Sweetwater,” respectively). We project these properties to have an average cash on cash yield of 10.9% and an average IRR of 17.81% over the hold period.
The acquisition was recently featured in Multi-Housing News. Please see the link to the story here.