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  • Gutting and Bloom of JLL represent seller

DC's Stonebridge acquires 196-Unit Atlanta Metro apartment community for $33.4 million

ATLANTA, GA — StoneBridge Investments of Washington, DC, has acquired River Vista, a 196-unit upscale garden apartment community in the suburban Atlanta community of Sandy Springs, for $33.4 million. The seller, an affiliate of The Milestone Group, was represented by David Gutting and Derrick Bloom of JLL. This is StoneBridge’s fifth apartment community acquisition in the Atlanta metro market over the past several years, for a total of 1,148 units. “With its strong employment growth, excellent quality of life, and relatively low cost of living, we remain bullish on the dynamic Atlanta market,” said Kees Bruggen, managing director, StoneBridge Investments. “Our location in Sandy Springs, on the GA-400 corridor, puts us directly in the path of growth, and in close proximity to great schools, high-end demographics, world-class cultural amenities, and major employment centers.”

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