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S2 Capital looks to capitalize on slowdown in Atlanta-area multifamily construction

Latest acquisition adds more than 600 units to Texas-based multifamily investment manager’s portfolio

The Landing at Pleasantdale includes 610 units in 72 buildings across a 75-acre site. The property last traded in February 2021 for $82.62 million to TerraCap Management. (CoStar)
The Landing at Pleasantdale includes 610 units in 72 buildings across a 75-acre site. The property last traded in February 2021 for $82.62 million to TerraCap Management. (CoStar)

Multifamily investment manager S2 Capital purchased a circa 1985 apartment complex in an Atlanta suburb from Florida-based TerraCap Management as it looks to expand its portfolio in anticipation of rising rents and slowing apartment construction.

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