Chicago, IL, December 19, 2014 – Redwood Capital Group, LLC, a Chicago-based multi-family investment firm, is pleased announced the recent acquisition of Reserve at Collier Hills, a 288-unit apartment complex in Atlanta, GA.
Redwood, headed by partners David Carlson and Mark Isaacson, owns and operates 29 properties totaling almost 10,000 units in multiple markets throughout the Midwest, Southeast and Southwest. The firm anticipates closing approximately $200 Million in total acquisitions in 2015.
Reserve at Collier Hills, located at 1185 Collier Road in Atlanta, GA was built in 2014 and is situated on 8.99 acres. The property consists of studios, one-, two-, and three-bedroom apartments averaging 918 square feet. As a brand new property, Reserve was built with the highest quality finishes and architecturally stunning details that differentiate it from other properties within the prestigious Buckhead submarket. Long-term, Redwood plans on updating unit interiors and amenity features in 3 to 4 years since nothing is pressing at this time.
“The property is located in Collier Hills, one of the most prestigious neighborhoods in Atlanta due to the high barriers to entry, top school systems, and walkability to retail and entertainment. Redwood plans on using the property’s best-in-class features and location differentiators to compete with the other luxury infill assets in Atlanta. Acquiring the newly constructed asset in lease-up will give us the ability to benefit from the rent pop that occurs once the property is stabilized” said Redwood’s Managing Partner, David Carlson.
About Redwood Capital Group, LLC
Redwood Capital Group, LLC is a Chicago-based real estate investment firm founded in 2007 by David Carlson and Mark Isaacson. The company is focused on value-add and core-plus investments in primary urban and suburban markets across the U.S., primarily in the Midwest, Southeast, and Southwest. The company’s mission is to be the foremost choice for institutional and private equity in pursuit of strategic multi-family investment. Redwood is located at 1 E. Wacker Drive in Chicago. For more information, visit www.redwoodcapgroup.com or call 312.464.0300.
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