Continental Realty Acquires Apartment Community in Atlanta’s West Midtown District for $80M
Delivered earlier this year, Millworks in Atlanta’s West Midtown district features a saltwater pool with an outdoor lounge area, bocce ball court, bar lounge, fitness studio with yoga space and an art studio area.
ATLANTA — Continental Realty Corp. (CRC) has acquired Millworks, a 345-unit apartment community located at 1888 Emery St. in Atlanta’s West Midtown district, for $80 million. The Baltimore-based company acquired the asset on behalf of Continental Realty Fund IV LP, a $164 million fund focused on the acquisition of retail and multifamily properties throughout the Mid-Atlantic and Southeast. Derrick Bloom, David Gutting and Brandon Beaty of JLL arranged the transaction on behalf of the seller and developer, Atlanta-based Pollack Shores. Delivered earlier this year, Millworks offers a mix of one- to three-bedroom floor plans ranging in size from 647 to 1,470 square feet. Unit interiors feature quartz countertops, stainless steel appliances, nine-foot ceilings, vinyl plank wood flooring and balconies or porches. Community amenities include a saltwater pool with an outdoor lounge area, bocce ball court, bar lounge, fitness studio with yoga space and an art studio area.