American Landmark has acquired Madison at River Sound, a multifamily community in Atlanta’s suburb of Lawrenceville, Ga., from Investors Management Group Inc.
Date Acquired: March 2015
Purchase Price: $58,550,000
Sold: February 2018
Sale Price: $77.3M
Located at 980 Walther Blvd., the 586-unit community features one-, two- and three-bedroom floor plans ranging from 714 to 1,523 square feet. Constructed in 1997, the property was 94 percent occupied at the time of disposition.The property will be rebranded as Parc at 980.