Boston, MA – (September 7, 2018)
GID announced today that it has acquired The Aster, a 268 unit apartment community located in the Old Fourth Ward neighborhood in Atlanta, GA. The Aster is situated between Atlanta’s Beltline and the Historic Fourth Ward Park, two of the city’s most desirable outdoor lifestyle amenities. The property also enjoys close proximity to Atlanta’s largest employment hubs in Midtown and Peachtree Center/Downtown.
Completed in 2017, the mid-rise property consists of one five-story building above structured below-grade parking. The community features a multi-level fitness center with yoga studio, a clubroom, resort-style swimming pool with tanning deck, outdoor kitchen area, and a rooftop lounge. Unit finishes consist of granite countertops, tile backsplashes, stainless steel appliances, attached islands, and full size washers and dryers. All units feature nine foot ceilings.
Chad Russolillo, Vice President of Acquisitions at GID, stated, “This acquisition provided GID an opportunity to acquire an exceptionally well-located and high quality asset in Atlanta’s vibrant Old Fourth Ward neighborhood with easy access to multiple employment nodes within Atlanta. We are excited to add such a great apartment community to our growing Atlanta portfolio.”