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ARC Multifamily Group secured financing totaling $45.9 million through a Fannie Mae senior loan and preferred equity investment from Related Fund Management to facilitate its acquisition of The Preston, a 334-unit apartment complex situated in McDonough. The purchase, valued at $52 million, marks a significant expansion for the Buckhead-based ARC, adding to its portfolio of Southeastern apartment communities. The property boasts a range of amenities, including pools, a grill area, and a residents’ lounge, with rents starting at around $1,400 per month. The acquisition signals ARC's strategic growth in the region's multifamily real estate market and underscores its commitment to providing quality housing options in diverse communities.
Meanwhile, in other real estate transactions, Tidal Real Estate Partners secured a $78.6 million bridge loan from BentallGreenOak to refinance its construction loan for the Ann Street Lofts in Downtown Savannah, catering primarily to Savannah College of Art and Design students. Additionally, DWS Group acquired Rockingham Farms Building 10, a 413,000-square-foot distribution center in Savannah, further solidifying its presence in the logistics sector. These developments reflect the dynamic nature of the real estate landscape, with companies strategically positioning themselves to capitalize on emerging opportunities in various sectors across Georgia.
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