Citymark Capital and InterCapital Group buy Atlanta apartment community
By: Iris Dorbian
Source: The PE Hub Network
Atlanta, GA – July 16, 2018
Citymark Capital and InterCapital Group have acquired Atlanta-based Sweetwater Creek, a 240-unit apartment community. No financial terms were disclosed.
CLEVELAND, OH – Citymark Capital, a national real estate private equity fund manager, partnered with InterCapital Group, a Houston-based real estate owner and operator, to acquire Sweetwater Creek, a 240-unit apartment community located in Atlanta. The property is located in the I-20 West submarket, near numerous employers, retail establishments, and recreational destinations.
“Citymark Capital is excited to partner with InterCapital Group, to invest in institutional quality apartments in the Atlanta marketplace,” said Dan Walsh, founder and chief executive officer of Citymark Capital. “This aligns with our national platform of investing in leading U.S. markets and taking a disciplined approach to generating solid returns for our investors.”
Citymark Capital also owns multifamily properties in Northern New Jersey, Dallas, Phoenix, Las Vegas and Orlando. This transaction represents Citymark’s entry into the Atlanta multifamily market.
About Citymark Capital
Citymark Capital is a national real estate private equity fund manager that invests in market rate, institutional-quality multifamily rental properties in the top U.S. markets where strong demand for existing and new properties is driven by population growth, household formation, and job growth. Citymark Capital creates value for its fund investors by providing joint venture equity to top multifamily operating companies across the country.
About InterCapital Group
InterCapital Group is a Houston-based real estate owner and operator, specializing in the acquisition, redevelopment, repositioning, and sale of institutional quality multifamily assets in the U.S.