Thursday, December 25, 2014

Waterton Associates Acquires 2460 Peachtree Apartments in Atlanta, GA

  
2460 Peachtree Tower, Buckhead Neighborhood, Atlanta, GA



Max Peek

 CHICAGO, IL – Waterton Associates LLC, a U.S. real estate investor and operator, has announced the acquisition of 2460 Peachtree Apartments, a 236-unit high-rise rental tower in Atlanta’s popular Buckhead neighborhood.

Formerly known as Bell Peachtree Battle, the community offers a mix of one- and two-bedroom apartments in a premier location along Peachtree Road, approximately one mile north of Piedmont Hospital and the Shepherd Center, two of the state’s top health centers, according to U.S. News and World Report.

 It is the seventh property acquired by Waterton in 2014, adding to the company’s existing multifamily portfolio in the Atlanta area, where Waterton owns and manages five other rental communities totaling more than 1,600 units.

“We are pleased to invest in such a well-located high-rise asset at a significant discount to current replacement costs,” said Max Peek, senior vice president, acquisitions, at Waterton Associates.

“We believe the proposed renovation plan will transform the building and allow us to narrow the gap between us and the newer product located nearby in Buckhead and Midtown.”

“The building’s amenities are a perfect complement to the surrounding neighborhood, with popular entertainment destinations like Phipps Plaza and Lenox Square Mall just a short drive away,” said Peek. 

“Residents can also walk to the nearby Publix Super Market and numerous shops and restaurants along Peachtree Road.”

Managed by Waterton Residential, Waterton’s wholly owned property management subsidiary, 2460 Peachtree continues Waterton’s commitment to excellence in customer service by providing on-site maintenance and 24-hour concierge services.

For leasing information, call (866) 754-4279 or visit www.2460peachtree.com.

 For a complete copy of the company’s news release, please contact:

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

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