The Geneva Group Acquires LaVista Crossing Apartment Complex in Atlanta
LaVista Crossing ● Photo Credit: The Geneva Group
DEERFIELD BEACH, Fla., March 18, 2024 (VSNewsNetwork.com) - The Geneva Group, a commercial real estate investment firm, has completed the acquisition of LaVista Crossing, a 240-unit garden-style apartment complex in the Northlake submarket of Atlanta. The property, built in 1970 and renovated in 2023, offers a mix of one, two, and three-bedroom floorplans and townhomes, along with various community amenities.
LaVista Crossing is situated on 24.2 acres, providing a blend of comfort and convenience to its residents. The community amenities include a swimming pool, sun deck, dog park, fitness center, clubhouse, and coffee bar. According to the company, the acquisition aligns with The Geneva Group's strategy to invest in properties with significant value-add potential in high-growth markets.
The complex's location was chosen for its proximity to major employment centers, including Emory/CHOA, the Central Perimeter office district, and the I-85 industrial corridor. "You can’t find a better location in the Atlanta market for affordability and only twenty minutes outside of Buckhead and Midtown. The property is just steps away from one million square feet of retail including two grocery stores, LA Fitness, Planet Fitness, and many restaurants and everyday shops,” said Jarred Elmar, Managing Partner of the Geneva Group.
With this acquisition, The Geneva Group's portfolio expands to 1.5 million square feet, marking its re-entry into the multi-family sector. The firm's portfolio includes retail, industrial, office, medical, and now multi-family assets.
For more information, visit www.GenevaGp.com.
Source: The Geneva Group via Newswire
