REBusinessOnline

Coastal Ridge, Sefira Capital Buy Apartment Complex in Metro Atlanta for $34M

LOCUST GROVE, GA. — Columbus, Ohio-based Coastal Ridge Real Estate Partners and Miami-based Sefira Capital have acquired Eagle’s Brooke, an apartment community located on 31 acres at 100 Malago Way in Locust Grove. An undisclosed seller sold the metro Atlanta asset for $34 million. This transaction marks the 12th acquisition in 2018 for Coastal Ridge and its first in a new joint venture with Sefira.

Built in 2009, Eagle’s Brook features 120 one-bedroom/one-bath units, 104 two-bedroom/two-bath units and 24 three-bedroom/two-bath units, with rents ranging from $957 to $1,396. Units include patios/balconies, ceiling fans, nine-foot ceilings, garden tubs, linen closets, separate dining areas and walk-in closets. On-site community amenities include a residents’ kitchen/lounge, swimming pool and controlled access gates.

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