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Conference CoverageFeaturesGeorgiaSeniors HousingSoutheastSoutheast Feature Archive

InterFace Panelists Expect Imminent Spike in Demand for Seniors Housing

by John Nelson

ATLANTA — The seniors housing sector stands at a “curious” crossroads in terms of the current real estate cycle, according to Chris Guay, CEO of Vitality Living. The Brentwood, Tenn.-based company is a seniors housing owner-operator with communities located across the Southeast and Texas. Guay asserts that on one hand, seniors housing owners and operators are still healing from the supply-and-demand shocks stemming from the COVID-19 pandemic. On the other, the sector is standing on the precipice of the prophesied “silver tsunami,” a phenomenon wherein the baby boomer generation is aging into needing senior living care. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. The oldest baby boomers are now turning 80, and Guay says that even if developers met the output of the highest point of the previous cycle annually, it still wouldn’t be enough to satisfy the wave of demand coming. “The silver tsunami is actually here,” says Guay. “Right now is probably the most interesting time in the industry that I can remember.” Guay’s comments came during the “power panel” at InterFace Seniors …

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Hyatt-Place
AcquisitionsGeorgiaHospitalitySoutheast

Hunter Hotel Advisors Arranges Sale of 190-Room Hyatt Place Hotel in Downtown Athens, Georgia

by Abby Cox

ATHENS, GA. — Hunter Hotel Advisors has arranged the sale of Hyatt Place Athens, a 190-room hotel located at 412 N. Thomas St. in downtown Athens. The buyer, a local investor, purchased the hotel for an undisclosed price. Tim Osborne of Hunter Hotel Advisors brokered the transaction, while Pyramid Global Hospitality has been selected to manage the hotel. Paul Breslin of Horwath HTL and Andrew Cajka of Southern Hospitality Group, the hotel’s part-owner and operator, advised the seller, an entity doing business as HP Athens LLC. Built in 2017, Hyatt Place Athens features nearly 4,000 square feet of meeting space, a business center, 24-hour fitness center, breakfast bar and a lobby, as well as a rooftop bar. The hotel is also connected to The Classic Center, a mixed-use convention center and performing arts venue, and offers direct access to the Akins Ford Arena event hall.

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AcquisitionsGeorgiaIndustrialSoutheast

GTIS Acquires 24 Acres in Savannah, Plans 297,163 SF Industrial Development

by Abby Cox

SAVANNAH, GA. — GTIS Partners LP has acquired a 24-acre industrial site located within the Highway 21 corridor of Savannah, situated less than 10 miles from the Port of Savannah’s Garden City Terminal. GTIS will develop 297,163 square feet of Class A industrial space across two buildings at the site. This development marks the New York-based company’s 16th industrial investment.

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AcquisitionsGeorgiaIndustrialSoutheast

Bridge Logistics Acquires 1.6 MSF Industrial Portfolio in McDonough, Georgia

by John Nelson

MCDONOUGH, GA. — Bridge Logistics Properties, a subsidiary of publicly traded Bridge Investment Group Holdings Inc., has acquired a two-property industrial portfolio in McDonough spanning nearly 1.6 million square feet. Situated south of Atlanta via I-75, the properties in the portfolio include 150 Distribution Drive (760,256 square feet) and 201 Greenwood Court (800,000 square feet). Eastdil Secured brokered the sale. The seller and sales price were not disclosed. The properties were fully leased at the time of sale to four creditworthy tenants, including DHL Supply Chain (Exel Inc.), Caterpillar and Pregis. Each building features 30-foot clear heights, 184-foot truck courts, trailer and car parking, LED lighting and ESFR sprinkler systems.

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DevelopmentGeorgiaSoutheastStudent Housing

Joint Venture Delivers 798-Bed Student Housing Community Near Georgia Tech

by John Nelson

ATLANTA — A joint venture between LV Collective, Kayne Anderson Real Estate, Pacific Life and JE Dunn Capital Partners has delivered Rambler Atlanta, a 798-bed student housing community located at 736 Peachtree St. NE in Midtown Atlanta. The 467,000-square-foot development offers 215 units in studio through six-bedroom configurations for students attending the Georgia Institute of Technology (Georgia Tech). The community rises 19 stories and features shared amenities, including an active lobby with a Daydreamer coffee shop; private study rooms and six conference rooms; a kitchenette with an outdoor terrace; a rooftop deck with a pool, hot tub and lounge seating; and a fitness center, sauna and yoga studio. The development team included Niles Bolton Associates, JE Dunn Construction, Archie Bolden, Michael Hsu Office of Architecture and Ironwood DDG.

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GeorgiaLeasing ActivityOfficeSoutheast

EY Signs 102,195 SF Office Lease at Ten Twenty Spring in Midtown Atlanta

by John Nelson

ATLANTA — Consulting giant EY has signed a 102,195-square-foot office lease at Ten Twenty Spring, a 525,000-square-foot, Class A office tower in Midtown Atlanta. EY will move approximately 3,000 employees from its current office in downtown Atlanta next August. The company will occupy floors 14 through 16 at Ten Twenty Spring. The office building is part of Spring Quarter, a mixed-use development by Portman that also includes Sora at Spring Quarter apartments and a landmark building that once housed the historic H.M. Patterson & Son Spring Hill Chapel. The historic building has been redeveloped into a 24,000-square-foot retail and dining destination. Glenn Dyke of CBRE represented EY in the lease negotiations. Glenn Kolker, Preston Menning and Malik Leaphart of Stream Realty Partners represented the landlord, Portman and Perform Properties, a Blackstone company.

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AcquisitionsAffordable HousingDevelopmentGeorgiaMixed-UseSoutheast

Atlanta BeltLine Acquires Land in Buckhead for Future Northwest Trail

by John Nelson

ATLANTA — The Atlanta BeltLine has purchased six parcels near the intersection of Peachtree Road and Bennett Street in the city’s Buckhead district. The land is adjacent to the site purchased last fall, giving the BeltLine a 3.2-acre assemblage that represents Segment 2 of the future Northwest Trail, which will run for 4.3 miles at full completion. Segment 1 of the trail is currently underway and is set for completion in second-quarter 2026. The buildings on the Bennett Street site are vacant and will be prepared for demolition while future site planning efforts are underway. The BeltLine will engage with community leaders, residents, businesses and other stakeholders on the next steps for the future of the site, with the ultimate goal of aiding in developing affordable housing in mixed-use settings. In recent years, the Beltline has acquired over 80 acres to expand housing and commercial affordability and to master plan land along the trail. The Beltline currently is 76 percent of its way towards meeting the goal of preserving or creating 5,600 affordable housing units by 2030. To date, the Beltline has completed 12.6 miles of the mainline loop, with an additional 10.3 miles of connector trails. The entire 22-mile …

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Brookside-Alpharetta
AcquisitionsDevelopmentGeorgiaMixed-UseOfficeSoutheastTop Stories

Portman Acquires Metro Atlanta Office Park, Plans Mixed-Use Redevelopment

by Taylor Williams

ALPHARETTA, GA. — National developer Portman Holdings has acquired Brookside Office Park, a 266,000-square-foot development located in the northern Atlanta suburb of Alpharetta with plans to undertake a mixed-use redevelopment. The seller and sales price weren’t disclosed, but the Atlanta Business Chronicle reports that an affiliate of Bridge Commercial Real Estate sold the property for $27 million. Brookside Office Park consists of two buildings on a 20-acre site that were originally constructed in the 1980s. Portman plans to retain one 130,000-square-foot building, raze the other and pave the way for a proposed vision that includes 335 multifamily residences, 70 townhomes and 60,000 square feet of retail and restaurant space. Townhome prices will start at roughly $650,000, according to reports from the Atlanta Business Chronicle. The redevelopment will also feature activated public gathering areas, pedestrian connections and outdoor amenities that promote walkability and community engagement. Portman received unanimous approval from the Alpharetta City Council in April to transform the site into a mixed-use destination. Construction is expected to begin in 2026, with completion anticipated in 2029. “With Brookside, we’re taking an older office campus and giving it new life, keeping the best of what’s there while bringing in housing, retail and spaces …

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Dogwood Logistics Center
GeorgiaIndustrialLoansSoutheast

JLL Arranges $44.1M Financing for Dogwood Logistics Center in Conyers, Georgia

by Abby Cox

CONYERS, GA. — JLL Capital Markets has arranged a $44.1 million financing package comprising joint venture equity and debt for the development of Dogwood Logistics Center, a 388,960-square-foot industrial property under development in Conyers, about 24 miles east of downtown Atlanta. Bobby Norwood, Mark Sixour, Hamp Gibbs and Streeter Simmons of JLL secured a $25.4 million construction loan through Pinnacle Financial Partners on behalf of the developer, Holder Properties. Hartford Investment Management Co. (HIMCO) provided $18.7 million in joint venture equity. Scheduled to deliver in summer 2026, Dogwood Logistics Center will feature two shallow-bay, rear-load buildings spanning 205,265 square feet and 187,593 square feet. The facilities will offer 36-foot clear heights, concrete tilt-wall construction, 60-foot dock bay depths, 210- to 230-foot building depths and TPO roofing. Additionally, the property will provide two exits along I-20. Dogwood Logistics Center marks Holder Properties’ second industrial project in 2025 with Pinnacle Financial Partners and HIMCO. 

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Core-Atlanta
DevelopmentGeorgiaSoutheastStudent Housing

Core Spaces, Capstone to Break Ground on 1,600-Bed Student Housing Development Near Georgia Tech

by Abby Cox

ATLANTA — A joint venture between Core Spaces and Capstone Communities is set to break ground on a multi-phase mixed-use project located near the Georgia Tech campus in Midtown Atlanta. The first phase of the development — which is being led by Core Spaces — will include 1,600 beds of student housing and 5,000 square feet of ground floor retail. The community will also feature a third-floor amenity deck. Dwell Design Studio has been selected as the architect for Phase I, which is scheduled for completion in 2029. Capstone Communities will lead Phase II of the project, a timeline for which was not released. 

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