American Landmark has acquired Madison at River Sound, a multifamily community in Atlanta’s suburb of Lawrenceville, Ga., from Investors Management Group Inc.
Berkadia arranged the financing on behalf of the buyer.
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 purchase. Read the Full Article in Multi-Housing News
Investors Management Group has a 20+ year history of dispositions in the Southeastern U.S. Click here to view the IMG Portfolio – Atlanta Metro in this cycle.