Core Insights - The Atlanta apartment sales market is showing signs of improvement, driven by record deliveries and demand in 2023 and 2024 [2] - Notable transactions include the sale of Town Laurel Crossing and Manor Barrett, with a total acquisition financing of $352.8 million arranged by Walker & Dunlop [2][3] - Greenwood Star Holdings has also made acquisitions in the Atlanta area, purchasing Parkside Apartments for $31.5 million and Creekside Apartments for $15.5 million, both at significant discounts to comparable sale prices [4][5] Transaction Details - Town Laurel Crossing consists of 360 units located in the Exchange at Gwinnett shopping district, while Manor Barrett has 347 units in the Town Center Commercial District in Kennesaw, Georgia [3] - The acquisition financing for Town Laurel Crossing and Manor Barrett was facilitated by Freddie Mac [3] - Greenwood Star Holdings acquired Parkside Apartments at a 23% discount and Creekside Apartments at a 35% discount to their comparable sale prices [5] Market Conditions - The Atlanta area is experiencing high occupancy rates, with mortgage payments being more than double the monthly rent payments at the acquired properties [6] - Doraville, a submarket of Atlanta, is noted for its resilient fundamentals and competitive rental housing environment [7] - Greenwood Star believes that the properties are well-positioned to deliver significant value to investors due to their integrated property management capabilities and favorable financing terms [7]