December 3, 2019
Owner-Operator Resolute Real Estate has acquired The Reserve at Ridgewood, a 269-unit, garden-style apartment community in the Atlanta suburb of Sandy Springs. The sales price was not disclosed. The community is now being managed by Stonemark.
The Reserve at Ridgewood is located at 7100 Roswell Rd., and consists of one, two and three-bedroom apartments ranging from 854 to 1,530 square feet. All homes feature stainless steel appliances, full-size washers and dryers, screened-in patios and balconies and wood burning fireplaces. Amenities include a resort-style pool, sundeck with cabanas, tennis court, playgrounds and a 24-hour fitness center that extends into an outdoor fitness area.
Kristian Lichtenfels, Eric Tupler and Ware Shipman of JLL secured $36 million in acquisition financing for the property on behalf of Resolute Real Estate. The seller was not disclosed.
For comments, questions or concerns, please contact David Cohen