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New York Apartment Investor Expands Portfolio in Atlanta Suburbs As Area Sales Slow

Ashcroft Capital Assumes Loan To Make Deal for 260-Unit Complex

A New York firm has bought the Paces Landing Apartments in Norcross, Georgia, as it works to expand its portfolio in the Atlanta-area. (CoStar)
A New York firm has bought the Paces Landing Apartments in Norcross, Georgia, as it works to expand its portfolio in the Atlanta-area. (CoStar)

A New York investor has expanded its apartment portfolio in the Atlanta area even as multifamily investment sales decline and rent growth slows in the market.

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