PERSEUS REALTY AND HATHAWAY PROPERTIES TO BUILD 306-UNIT COMMUNITY
ATLANTA — Washington, D.C.-based Perseus Realty Partners, in conjunction with Atlanta-based Hathaway Properties, has plans to develop Ansley at Princeton Lakes, a multifamily community located in Atlanta. Perseus Realty Partners II LP, a diversified middle-market real estate investment fund, has made an equity investment of approximately $4.6 million for the development of this 306-unit Class A apartment community. Hathaway Properties will act as general contractor for the project, which has a total capitalization of approximately $29.7 million. The garden-style property will be located approximately 3 miles from Atlanta Hartsfield International Airport.