BRIEF

on The Geneva Group

Geneva Group Expands Portfolio with Acquisition of LaVista Crossing

The Geneva Group, a prominent commercial real estate investment firm, has officially acquired LaVista Crossing, enhancing its portfolio with a 240-unit garden-style apartment complex in Atlanta's Northlake area. The asset, built in 1970 and recently upgraded in 2023, boasts a variety of one to three-bedroom units and townhomes, positioned as a significant value-add opportunity in one of Atlanta's most dynamic rent growth markets.

LaVista Crossing offers a suite of community amenities, including a swimming pool, fitness center, and clubhouse, spread across 24.2 acres. Its strategic location near major employers and retail space makes it an attractive living option for residents seeking convenience and quality of life.

The acquisition is part of The Geneva Group's strategy to invest in income-generating real estate within high-growth markets. LaVista Crossing's proximity to key employment hubs and its blend of accessibility and desirability underscore its potential as a standout asset in the company’s expanding portfolio.

With this addition, The Geneva Group's portfolio now encompasses 1.5 million square feet, marking a re-entry into the multi-family sector. Managing Partner Jarred Elmar highlights the property's unbeatable location and proximity to essential services, which contribute to its appeal in the thriving Atlanta market.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all The Geneva Group news