Waterton, a national real estate investor and operator, announced it will expand its presence in Atlanta with the acquisition of 903 Peachtree, a 427-unit high-rise rental community in the city’s Midtown neighborhood.
With proximity to the Downtown Connector (I-75/85), various public transportation options and both the Georgia Tech and Georgia Institute of Technology campuses, the 32-story building is well-suited for a variety of renter profiles.
“903 Peachtree is an excellent addition to Waterton’s portfolio and we’re excited to be back in the Midtown submarket,” said Julie Heigel, SVP of acquisitions at Waterton. “The acquisition of 903 Peachtree is a great opportunity to leverage Waterton’s in-house operations platform to complete the lease-up of a new, well-amenitized high-rise. The location in Midtown, the heart of Atlanta’s economic engine, presents an attractive opportunity to leverage our management experience, utilizing our dedicated in-house operations team and ownership mindset as valuable assets in stabilizing the property.”
Located at 903 Peachtree Street NE, the community is steps away from the retail, dining and cultural attractions of the Midtown neighborhood, including the many green spaces of the 185-acre Piedmont Park, Atlanta’s largest urban park and community space. Additionally, the property is proximate to the Belt Line, a 22-mile loop of trails and parks projected to be completed in 2030, and the popular Ponce City Market, with its myriad retail, dining and entertainment options including a rooftop amusement park.
903 Peachtree was completed in 2022 and features over 46,000 square feet of resort-style indoor and outdoor amenities. Amenities include a rooftop pool and lounge area, grilling stations, private cabanas and fire pits. Indoors, residents enjoy a sauna and massage room, yoga studio, demonstration kitchen, recreation lounge and game room, screening room, co-working lounge, pet spa and dog run, bicycle storage and an expansive lobby and concierge level. At street level, the property also includes three retail spaces totaling 7,843 square feet.
The community boasts a variety of studio, one-, two-, and three-bedroom floorplans. Residences include keyless entry, stainless steel Whirlpool appliances, quartz countertops, plank flooring throughout and floor-to-ceiling windows with solar shades providing sweeping views of the surrounding area.
Waterton is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value add strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As of June 30, 2024, Waterton’s portfolio includes approximately $10.0 billion in real estate assets.
