Sagard Real Estate acquired Grande Oaks, a 270-unit garden-style apartment community located in Roswell, Georgia. Starwood Capital Group was the seller. Commercial Edge reports Starwood initially purchased the community in 2021 for $77.7 million. Sagard plans to execute a value-add renovation program, including upgrading 121 classic units, installing in-unit laundry, enhancing common areas, and refreshing amenities.

Built in 1996, Grande Oaks spans over 311,000 rentable square feet across 11 residential buildings on a 19-acre site. The community features a well-rounded amenity package, including a clubhouse, fitness center, swimming pool, outdoor fireplace, grill and picnic area, children’s playground, car wash, and pet-friendly facilities such as a dog park and pet wash station.

The investment was made in partnership with McCann Realty Partners and Pegasus Residential. This is the second property managed by Pegasus Residential on behalf of Sagard Real Estate.

A $30 million boutique hotel is on the way in Roswell, north of Atlanta. The five-story, Hyatt-branded Cambray Hotel will have 125 rooms. It will start construction in May. Its architecture is modeled after the brick mills that were prominent in the area in the town’s past.

The hotel will feature a rooftop eatery, a 24-hour market and valet services. Swinerton will handle the construction of the project. The developer is a joint venture of DSM Real Estate Partners and GarageCap. 

Next door is Southern Post, a 4.3-acre mixed-use development with around 90,000 square feet of office space, apartments, townhomes and retail space.

The Atlanta Business Chronicle reports the project comes as hotel occupancy dips a bit across metro Atlanta, according to new data from the Atlanta Convention & Visitors Bureau. In January, occupancy was just under 58% in the 29-county Atlanta MSA, down 3.7% from a year earlier.