News release

Sale of Atlanta multi-housing community closes

JLL Capital Markets completed the sale of The Reserve at Peachtree Corners

December 02, 2021

Kimberly Steele

Occupier PR
+1 713 852 3420

ATLANTA, Dec. 2, 2021 – JLL Capital Markets announced today that it has closed the sale of The Reserve at Peachtree Corners, a 354-unit, value-add multi-housing asset in Peachtree Corners, one the premier submarkets in Atlanta, Georgia.

JLL represented the seller, CFI Legacy Peachtree Corners, LLC, and the property was managed by RPM Living Investments. Terra Cap Management, LLC acquired the asset.

Built in 1985 and situated on 44.97 acres bordering a charming lake, The Reserve at Peachtree Corners consists of one-, two- and three-bedroom units featuring in-unit washer and dryer connections, modern kitchens with islands, large floor plans, spacious closets, faux hardwood flooring and brick fireplaces in select spaces. Community amenities include a resort-style pool, a private lake overlook, a fully equipped fitness center, a dog park, a lakeside clubhouse and a business center.

Located at 3495 Jones Mill Rd. within a high-growth submarket, the Reserve at Peachtree Corners offers unparalleled access to jobs, educational opportunities, retail and other family amenities in addition to walkability and short commutes. The property offers direct access to Peachtree Industrial Boulevard, which provides easy access to Interstates 285 and 85, as well as all of Atlanta’s MSA.

The JLL Capital Markets Sales and Advisory team representing the seller was led by Senior Managing Director John Weber, Managing Director Bill Shippen, Director Vic Ciancetta and Director Amalia Londono.

“The Reserve at Peachtree Corners offered investors a well-managed asset with a sound physical plant that was poised for significant renovations. Our marketing process demonstrated the ample renovation premium on top of the robust organic rent growth. This transaction sets a new pricing level for the Peachtree Corners submarket,” said Shippen.

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 and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos, and research resources on JLL, please visit our newsroom.

About JLL

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 $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About RPM Living Investments

In March 2021, F&B Capital, and its management affiliate, Roscoe Properties, merged business operations with CF Real Estate Services and its affiliates to form the 11th largest U.S. multi-family firm in the country, RPM Living.

RPM Living is one of the largest and most capable, vertically integrated multi-family management and investment firms in the country with over 85,000 units under management. The company footprint spans across 17 states with strategically placed regional offices in Austin, Atlanta and Phoenix.

Collectively through its combined investment platform, RPM Investments has acquired over 30,000+ apartment units and taken over 50 of its investments full cycle. RPM utilizes its proprietary sourcing channels to locate higher return multifamily acquisition and development opportunities in growing submarkets. The company’s dedicated team of 20 investment professionals are strategically placed across the country to leverage a robust network of brokers, owners, developers, partners and clients to identify prospective investment opportunities. RPM builds upon its successful track record by investing in value-add, stabilized cash flow and development opportunities to maximize diversification and returns.

About Terra Cap Management, LLC.

TerraCap Management LLC considers thematic factors such as business formation, employment growth and population growth on a market-by-market basis, as most metros and submarkets have different economic-based industries and therefore move through their economic cycles differently. TerraCap makes moderate strategic overweighting or underweighting to markets, depending on the specific economic drivers influencing supply and demand. The Investment Manager has been in operation since 2008 with its headquarters located in Naples, Florida, the firm also has offices in Tampa, Florida; Atlanta, Georgia; and Denver, Colorado. As operators, TerraCap believes it can make decisions more efficiently while leveraging expertise from property to property. The firm has over 9 million square feet of commercial assets within its portfolio, with over 1.6 billion dollars of assets under management. 

More information can be found at