Atlanta Luxury Apartment Spalding Crossing Acquired By StoneBridge Investments

StoneBridge Investments has acquired Spalding Crossing, a 252-unit luxury community that sits between Atlanta’s Sandy Springs and Dunwoody neighborhoods. Equity was provided by an offshore investment group, along with a co-investment by a StoneBridge affiliate based in the Netherlands. SunTrust Bank provided a $24.3 million acquisition loan.

The renovation will involve up to $2.7 million aimed at upgrading both exterior elements and unit interiors. Community amenities include a fitness center, swimming pool, clubhouse, controlled access, barbecue grills and picnic areas, and a complimentary coffee bar.

Atlanta Luxury Apartment Spalding Crossing

Photo credit Spalding Crossing

 

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