MARIETTA, GA – Sagard Real Estate (SRE), a leading U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm, announced the acquisition of Belmont Place, a 326-unit Class A garden-style multifamily community located at 2825 Windy Hill Road Southeast in Marietta, Georgia.
Located in Atlanta’s Cumberland/Galleria submarket, the acquisition expands SRE’s multifamily portfolio and reflects the firm’s continued focus on well-located rental housing communities in established suburban markets with durable demand drivers, strong employment access and favorable long-term fundamentals.
Built in 2004, Belmont Place consists of 12 residential buildings across a low-density 25.75-acre site. The community includes 326 one-, two- and three-bedroom apartment homes averaging approximately 1,055 square feet, along with ample parking. The property is currently 94% occupied…