CANTON, GA – The Milestone Group announced the acquisition of Legends at Laurel Canyon, a 266-unit, garden-style apartment community located in the rapidly growing North Atlanta suburb of Canton, GA. The purchase price was not disclosed.
“Legends at Laurel Canyon represents a compelling opportunity to acquire a high-quality, newer vintage asset in one of metro Atlanta’s fastest-growing submarkets,” said Milestone Managing Director of Acquisitions, Jason Wise. Cherokee County has grown over 12% in the last five years and is expected to grow an additional 51% by 2050.”
Canton is in the northern suburbs of Atlanta in Cherokee County, where more than 62,000 residents and close to 30,000 jobs have been added over the last decade. The community offers immediate access to a Publix-anchored shopping center and is proximate to more than three million square feet of retail, dining, and lifestyle amenities within a five-minute drive. Excellent connectivity to major employment centers, state-of-the-art healthcare facilities, highly rated schools, and an abundance of recreational resources enhance the attractiveness of the area…