Chicago, IL, October 24, 2014 – Redwood Capital Group, LLC, a Chicago-based multi-family investment firm, is pleased to announce the recent sale of Forest Hills at Vinings in Atlanta, GA.
Redwood, headed by partners David Carlson and Mark Isaacson, owns and operates 30 properties totaling almost 10,000 units in multiple markets throughout the Midwest, Southeast and Southwest.
Forest Hills at Vinings, located at 3900 Paces Walk in Atlanta, GA, features 30 two-story garden-style apartment buildings and was built in 1980. Its 302 one- and two-bedroom apartments average 1,001 square feet. Phase A includes 14 buildings, the clubhouse, leasing center, and fitness center, a swimming pool, and two tennis courts. Phase B includes the remaining 16 buildings. The two phases are separated by Paces Walk. Other amenities enjoyed by the property’s residents include a yoga studio, dog park, and scenic views over rolling topography. Forest Hills is just two miles from the vibrant Cumberland Galleria commercial district and is a short drive from major employment headquarters in the area such as Home Depot, Coca-Cola Enterprises, GE Energy, and IBM.
“The sale of Forest Hills is part of our strategy to take advantage of the booming economy in the Vinings/Cumberland submarket of Atlanta. Most notably, the property is only three miles from the new Atlanta Braves stadium, which is bringing approximately $1 billion of private investment to the area and will create tremendous job growth and dramatically stimulate both for-sale and rental housing demand,” said David Carlson, Redwood’s Managing Partner.
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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