CBRE secures $83 million acquisition financing for AMLI Lenox in Atlanta

CBRE arranged an $83 million loan from New York Life for ORIX Corporation USA to finance the acquisition of AMLI Lenox, a 391-unit luxury multifamily community in Atlanta's Buckhead neighborhood. The financing supports one of Buckhead's premier high-rise apartment properties, located at 3478 Lakeside Dr. NE and positioned within a larger master-planned residential campus.

The financing was arranged by CBRE's Debt & Structured Finance team led by Robert LaChapelle and Blake Cohen on behalf of ORIX Corporation USA. New York Life provided the financing. The CBRE Southeast multifamily team of Shea Campbell, Ahish Cholia, Colleen Hendrix, and Don Hoffman arranged the sale of the property on behalf of the seller.

Completed in 2020, AMLI Lenox is a 24-story multifamily tower comprising 391 units. The property was 96% occupied at the time of financing. The community serves as a centerpiece of AMLI's 1,302-unit, four-property campus surrounding the 1.5-acre Marie Sims Park in Buckhead.

AMLI Lenox benefits from a location in the heart of Buckhead, one of Atlanta's most established live-work-play districts, with proximity to major employment centers, retail destinations and transit connectivity.

"It was a pleasure working with the ORIX Corporation USA team as they look to scale their presence in Atlanta. Given the quality of both the asset and sponsorship, we were able to source a variety of competitive financing options across multiple lender cohorts, but the sponsor ultimately decided that a fixed rate, life company execution was most accretive to their business plan," said Cohen.

Recent multifamily fundamentals in Buckhead have continued to outperform many peer submarkets, supported by limited new supply and sustained demand for high-quality housing near the district's employment, retail and entertainment amenities.