[Buck]

https://www.bizjournals.com/atlanta/...tation-ap.html

Goldman Sachs is buying into the big Atlantic Station makeover.

A real estate affiliate of the investment bank paid just over $109 million for Seventeen West, an apartment complex that covers almost 7 acres at Atlantic Station, the mixed-use project in Midtown.

Seventeen West includes hundreds of units along 17th, 18th and Mecaslin streets on the far northwestern edge of the 138-acre Atlantic Station.

Goldman Sachs closed on the purchase of the more than 450-unit apartment buildings June 14, according to Fulton County property records. It paid about $230,500 per unit.

John Hancock Life Insurance was the seller.

CBRE Capital Markets Inc. financed the deal, according to property deeds. CBRE Group Inc.'s Atlanta office brokered it. CF Real Estate Services will be the local operating partner, according to property research firm Databank Inc.

Goldman Sachs has been expanding its portfolio of core-plus real estate in Atlanta, or properties that usually have good occupancy and locations but still have some room for rent growth. It also apparently believes in the upside for Atlantic Station. Owner Hines has launched a sweeping overhaul of the mixed-use development, including the addition of new office towers and retail.

Just east, at 17thand Spring, financial giant Invesco will anchor an office tower at the new Midtown Union.

Just north on Bishop Street, a newly proposed $50 million project would feature office space and retail. It may also include a pedestrian bridge that would help link Atlantic Station to the Loring Heights neighborhood.

Dear Goldman Sachs,

Please do something about all the EIFS.