Investor purchases Atlanta-area multi-housing community
JLL Capital Markets completes the sale of Marquis at Briarcliff in the North Druid Hills submarket of Atlanta
ATLANTA, June 26, 2020 – JLL Capital Markets announced today that it has closed the sale of Marquis at Briarcliff, a 104-unit, garden-style multi-housing community in the North Druid Hills submarket of Atlanta, Georgia.
JLL represented the seller, CWS Capital Partners, LLC, and procured the buyer, Chicago-based Oak Residential Partners, LLC.
Marquis at Briarcliff is located at 1000 Gables Way centrally positioned between Buckhead and Midtown and close to Atlanta’s leading private and institutional employers. Additionally, the property is in the heart of a dense medical cluster anchored by the CDC Headquarters, Emory University Hospital, the VA Medical Hospital and the American Cancer Society as well as two new medical campuses being developed by Emory Healthcare and Children’s Healthcare of Atlanta. Marquis at Briarcliff comprises four residential buildings offering one-, two- and three-bedroom floorplans. Community amenities include a resort-style swimming pool, 24-hour fitness center, outdoor grilling stations and a dog park.
The buyer plans to implement a renovation program to Marquis at Briarcliff that will focus on enhancements to unit interiors, property amenities, building exteriors and landscaping as well as a rebranding and name change.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About CWS Capital Partners, LLC
CWS Capital Partners is a fully integrated real estate investment management company that specializes in the acquisition, development, reposition, and management of luxury apartments with a considerable presence in Texas (Austin, Dallas/Ft. Worth, Houston, and San Antonio) and in other metropolitan areas across the nation including Atlanta (GA), Denver (CO), Charlotte (NC), Raleigh (NC), Sacramento (CA), Seattle (WA) and Phoenix (AZ). To learn more, please visit: cwscapital.com.
About Oak Residential Partners, LLC
Oak Residential Partners, LLC and Oak Realty Group, Inc., its commercial real estate investment division, invest in high quality multi-family, office, medical office, and industrial properties in major markets across the country. Since 2001 the companies have acquired over nine million square feet of commercial and 7,200 units of multifamily apartments valued at over $1.5 billion. The principals possess expertise in real estate acquisition, finance and asset management through a combined 125+ years of transactional and operational experience and both companies are seeking aggressive growth through acquisitions of value-add, institutional-type and sized assets. Its extensive experience with both institutional equity investors and high net worth private investors, allows the companies to approach each opportunity with experience-based knowledge and sophistication, while remaining committed to delivering superior returns. Additional information on the company can be found at oakresidentialpartners.com.