Sale of Old Fourth Ward Apartment Community Sets New Record for Metro Atlanta

Anthem on Ashley Apartments, Old Fourth Ward, Atlanta, GA

ATLANTA, GA – North American Properties (NAP) has announced the sale of Anthem on Ashley, a 244-unit multifamily community with park side restaurant space, to Invesco Advisers, Inc.

At $370 per square foot, the sale sets a new benchmark for wood-framed multifamily development in Metro Atlanta. JLL Multifamily Investment Sales represented the seller.

Located at the corner of Ashley Avenue and Ralph McGill Boulevard, the Class AA community is within walking distance of the Atlanta BeltLine’s Eastside Trail and is the only apartment community with direct access to Historic Fourth Ward Park. 

Anthem on Ashley aerial view, Old Fourth Ward, Atlanta, GA

Ranked as one of the 10 hottest neighborhoods in the country, Old Fourth Ward has quickly emerged as one of the Southeast’s coolest urban destinations, known for its walkability, lifestyle options, transit and culture.

Old Fourth Ward’s booming growth has been spurred largely by the Atlanta BeltLine. The partially built trail is responsible for 30,000 permanent jobs and nearly $10 billion in economic development, with more than $4 billion in new development. 

Richard Munger

“Urban trail-oriented development is the new beachfront property, as people of all ages increasingly seek to live in active, walkable environments that offer a diversity of experiences,” said Richard Munger, partner and senior vice president of residential development at NAP.

 “At Anthem, we created an urban, creative experience that resonates with the market. Every project is unique because every market is different, and we work very closely with the neighborhoods we serve to deliver a quality development that enhances the community.”

In addition to its access to the Atlanta BeltLine and Historic Fourth Ward Park, Anthem offers residents the following amenities: 

a saltwater pool with a sun deck and private cabanas; 24-hour fitness center with group classes; poolside club room and sky deck overlooking Historic Fourth Ward Park; outdoor grilling stations and fire pit; clubhouse with bar lounge; bike storage; 

Wi-Fi enabled micro-offices; and an event stylist who curates resident experiences such as build-your-own craft cocktail bars and garage painting parties with local artists that resulted in a number of artful wall murals.

  

For more information, please contact:

Britni Johnson · Account Executive

1718 Peachtree St., Suite 1048 · Atlanta, GA. 30309

M: 912-580-7241

www.thewilbertgroup.com

naproperties.com.