ORLANDO, FL - The Frankforter Group closed out the last quarter of what has already been a remarkable 2021 with the acquisition of two Class A++ assets, namely (i) Julian Apartments, a 409-unit 14 story property situated in Downtown Orlando, for $142M, and (ii) Generation Apartments, a 336-unit 17 story property situated in Downtown Atlanta, for $126.9M.
The Julian Apartments offers spectacular views of the Downtown Orlando skyline, luxuriously stylish interiors, and unique features, such as nearly 1,000 square feet of work-from-home space on every floor, a gym-quality fitness studio, and a rooftop resident clubhouse with a resort-style swimming pool and viewing terrace. The Julian also features the Monroe, one of Orlando's most popular new restaurants.
For its part, Generation Atlanta’s residences feature quartz countertops, custom cabinetry, elegant kitchen islands, stainless steel appliances, spa-inspired bathrooms, full-size washers and dryers, private balconies, smart keyless entry and more. Property amenities include an outdoor theater, resort-style rooftop pool and sundeck, bowling alley, EV charging stations, coffee bar, state-of-the-art fitness center, yoga studio and the SkyBar Lounge with breathtaking views of the Atlanta Skyline.
With the acquisition of these two irreplaceable assets and its continued focus on markets experiencing strong population growth and labor market figures, the Frankforter Group has strengthened its already significant position in two of the nation's fastest-growing residential markets.
"The positive employment migration towards Orlando and Atlanta supports our investment strategy, as we continue to search for core products in geographic locations experiencing compelling population growth, employment opportunities, and ability to accommodate lifestyle preferences," added Stephane Benalal, Director of Acquisitions of the Frankforter Group. "For instance, the Julian Apartments will target thousands of employees set to commence working in Orlando's $2 billion Creative Village, while Generation caters to the fast-paced and ever-expanding Downtown Atlanta core, being one of the largest concentrations of executive office space in the South East."
"Furthermore," concludes Mr. Benalal, "the properties we acquired represent the type of assets we are actively pursuing in the major Metro areas across the Sunbelt states, currently fueled by a $1.5 billion acquisition appetite."
About The Frankforter Group: The Frankforter Group is a third-generation real estate investment and asset management firm with a focus on acquiring institutional grade multifamily and commercial real estate in Canada and the United States. The Frankforter Group has a proven track record of delivering meaningful returns to the group’s investors and is led by an experienced team with well over 40 years and more than $2 billion in transaction experience.