CORTLAND PARTNERS ACQUIRES 152-UNIT MULTIFAMILY PROPERTY IN GEORGIA
MARIETTA, GA. — Atlanta-based Cortland Partners has purchased Highland Court, an apartment community located on Allgood Road in Marietta. The 152-unit property was acquired from a Florida-based bank, which foreclosed on the property last year, for $2.6 million. Cortland plans to invest $800,000 in the property for improvements. The property offers two- and three-bedroom townhomes. Planned renovations include new roofs, exterior paint, landscaping, signage and utility repairs. The acquisition was financed by Douglasville, Ga.-based MetroBank.