ATLANTA, GA - Vida Companies has closed on the construction financing for Carrena, a ground-up multifamily development in Buford, Georgia. Located at 3130 Financial Center Way, near the Mall of Georgia and with easy interstate access, the 289 apartment units will serve the northeast Gwinnett market that has become one of metro Atlanta’s most desirable suburbs.
The construction financing closed June 1, 2026. This is the first of three projects deployed with capital from Vida Opportunities Fund, the $47-million 506(c) offering, which remains open and taking subscriptions. The fund offers a tax-advantaged Roth IRA conversion structure.
Carrena will feature four-story buildings served by elevators and with modern amenities. The community will have an expansive saltwater pool, gym with yoga facilities, piano lounge, roof deck and lounge, and a nature trail. The community will include one-, two-, and three-bedroom floorplans.
“Northeast Gwinnett used to be a quiet lake community with some commuters to Atlanta, but all that has changed over the past two decades” said Joe Martinez, President of Vida Companies. “This community enjoys an exceptional combination of employers, shopping, dining, entertainment and recreation — fundamentals that continue to drive demand for high-quality housing. We’re fortunate we can help fill that need and serve our community. We are grateful for our investors and will do our very best for them.”
Northeast Gwinnett has emerged as one of metro Atlanta’s fastest growing corridors, popular for its location near Lake Lanier and access to jobs, retail and entertainment venues. The three-city corridor (Buford, Sugar Hill, and Suwanee) has more than doubled in population since 2000. The Mall of Georgia, The Exchange at Gwinnett, Coolray Field (home to the Gwinnett Stripers, the Triple-A minor league affiliate of the Atlanta Braves), Historic Downtown Buford and Lanier Islands have attracted a steady flow of newcomers to the area.
Major nearby employers include Primerica, Agco, Intuitive Surgical, Northside Hospital Gwinnett, Theragenics, Kubota Manufacturing of America, Gold Creek Foods, Fox Factory and Cardinal Glass Industries.
Atlanta remains one of the fastest growing Sun Belt cities. According to a recent Marcus & Millichap report, Atlanta’s employment base is expected to grow by 19,000 new jobs in 2026. Meanwhile, as construction activity slows, vacancy rates tighten and rents increase, Atlanta remains one of the strongest multifamily markets in the country.
Vida anticipates delivering Carrena’s first units in fall 2027. Carrena’s design and construction team includes CBG Building Company as general contractor, Geheber Lewis Architects as architect, Gaskins and LeCraw as Civil, Crosby Design Group as interior designer, and Ironwood Design Group as landscape architect. BWE advised Vida on the capital structure for the deal.
Vida is also focused on new Sun Belt multifamily development and investment opportunities for 2027, including Opportunity Zones. According to Cerulli Associates, the independent broker dealer industry grew 21% year over year from 2024-2025, driven by investor interest in alternative investments. This has bolstered investor demand for Vida Opportunities Fund.
About Vida: Vida Companies is a multifamily, build-to-rent (BTR), and mixed-use property developer and owner, known for innovation, quality and stewardship of the communities where it works. The company is headquartered in Atlanta and is active throughout the Southeast. Vida’s well-designed, well-crafted and differentiated residences create a sense of place and community, making for highly valued assets. For more information, visit www.vidacompanies.com
Disclosure: This is not an offer to buy, nor a solicitation to sell securities. Information herein is provided for information purposes only and should not be relied upon to make an investment decision or constitute a recommendation. Offers can be made only by the confidential Private Placement Memorandum (the “PPM”) which is available upon request. This communication does not and cannot replace the PPM and is qualified in its entirety by the PPM. This communication may not be relied upon in making an investment decision related to any investment offering by the issuer, or any affiliate, or partner thereof (“Issuer”). All potential investors must read the PPM and no person may invest without acknowledging receipt and complete review of the PPM. All investing involves the risk of loss of some, or all principal invested. Past performance is not indicative of future results. With respect to any “targeted” goals and performance levels outlined herein, these do not constitute a promise of performance, nor is there any assurance that the investment objectives of any program will be attained. Securities services are offered through Metric Financial, LLC, Member FINRA/SIPC. Metric Financial, LLC is not affiliated with any other entities identified in this communication. Only available in states where Metric Financial is registered. Vida Companies and Metric Financial are separate entities. There can be no assurance the fund will achieve targeted returns or return principal. Investments in private placements are illiquid securities and there is no available secondary market.