CBRE Arranges $30.2 Million Acquisition Financing for Aqua Sandy Springs Apartment Complex in Sandy Springs, Georgia

CBRE has arranged a $30.2 million loan for the acquisition of the Aqua at Sandy Springs, a 219-unit apartment complex located in Sandy Springs, a suburb of Atlanta, Georgia. The property was purchased by T30 Capital, a New York-based real estate investment firm.

Blake Cohen and Reed McGarity with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrower, T30 Capital, in the deal. The loan was secured through Equitrust.

“We are pleased to have supported T30 Capital as they grow their presence in the Atlanta area,” said Cohen, Senior Vice President with CBRE. “Aqua Sandy Springs garnered significant interest from the lending community as the property was being acquired at a very attractive basis relative to peak-cycle pricing, and had a very clear upside value-add story.”

Located at 100 Greyfield Lane in the Sandy Springs suburb of Atlanta, Georgia, the Aqua at Sandy Springs includes a 219-unit apartment complex built in 1985 and 2000. The property offers 1, 2, and 3-bedroom apartments and amenities including a full-size outdoor pool, and 24-hour availability services. Sandy Springs is a highly desirable, high-barrier neighborhood that is located minutes away from Perimeter Center, Downtown Roswell, and Alpharetta’s Technology Corridor.