24 May Hamilton Zanze Wins $109M GA Portfolio
Smyrna, Ga.—Hamilton Zanze has acquired The Residences at Vinings Mountain, a portfolio of three multifamily properties totaling 680 units in Smyrna, Ga., from Aimco for $109 million.
The portfolio consists of The Peak at Vinings Mountain, The Views at Vinings Mountain and Lakeside at Vinings Mountain, three circa 1980s apartments.
Will Mathews, Colliers International’s East region multifamily advisory group head, brokered the sale on behalf of Aimco.
Units include renovated apartments, lake and city views, and classic interiors in one-, two- and three-bedroom spacious apartments.
The three properties share amenities and residents of each can take part in anything located on each of the grounds. Community amenities include a fitness center, tennis court, golf simulator, putting green, dog park, theater room, game room and a wine tasting room. There’s also a business center.
The properties offer convenient access to Interstate 285 and Interstate 75, downtown and midtown Atlanta. It’s also just a 10-minute drive to Marietta, SunTrust Park, Cumberland Mall and The Battery Atlanta.