Cortland Acquires 287-Unit Multifamily Complex in Atlanta’s Pill Hill Neighborhood
SANDY SPRINGS, GA. — Atlanta-based Cortland has purchased The Hill, a 287-unit multifamily complex in Sandy Springs, a suburb of Atlanta in the city’s Central Perimeter submarket. Cincinnati-based developer North American Properties Inc. (NAP) sold the property at 1160 Johnson Ferry Road NE to Cortland for an undisclosed amount. The complex, which will be rebranded as Cortland at the Hill, features a fitness center with free group fitness classes, a dog park, pool area, grilling stations and a fire pit. The apartment complex is adjacent to the MARTA Medical Center station and near to both Ga. Highway 400 and Interstate 285, as well as a cluster of hospitals giving the neighborhood the nickname of “Pill Hill.” The property was 81 percent occupied at the time of sale. With this acquisition, Cortland now owns 37 assets and more than 11,900 units in metro Atlanta.