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Institutional Capital Targets Suburban Apartments as Werner Nears $270 Million NYC Office Deal

Investors favor suburban yields, pairing acquisitions with lower-leverage, agency debt.

Overview

  • Professional Equity Management bought The Series at Riverview Landing in Mableton for $70 million, paying about $259,300 per unit for the 270-unit property and using agency financing at roughly 55% to 65% loan-to-value.
  • The Series purchase was paired with PEM’s acquisition of the 280-unit EmmaJames community in Savannah, according to the company.
  • GID acquired the 312-unit Windsor Sugarloaf Heights in Lawrenceville for $63.8 million from Brand Properties, which delivered the project in 2022.
  • Partners Real Estate and Northmarq data show 2025’s top 25 Atlanta multifamily sales exceed $2.4 billion and nearly 70% of transactions occurred in suburban and exurban areas.
  • Commercial Observer reports David Werner Real Estate Investments is nearing a roughly $270 million purchase of One Dag Hammarskjold Plaza, while PCCP funded $66 million for an Orlando apartment build and RK Centers bought a Fort Lauderdale shopping center for $36 million.