redIQ Deal Highlight: Lion RE Group Acquires Collier Ridge Apartments
redIQ Deal Highlight: Lion RE Group Acquires Collier Ridge Apartments
redIQ would like to congratulate the team at Lion RE Group for finalizing the acquisition of Collier Ridge Apartments in Atlanta for $67,000,000. Collier Ridge Apartments was purchased from Sage Equities. Sage Equities was represented by CBRE. The asset was last renovated in 2017.
The Atlanta market is strong, and home to employers including Delta and Coca-Cola. Another recent transaction in the Atlanta market is the $45 million acquisition of The Hills at East Cobb by Spaxel.
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Since 2012, redIQ has led in the multifamily analytics and underwriting software space. Six of the top ten acquisitions teams and eight of the top ten brokerages rely on redIQ daily. Every year, more than 30% of all multifamily transactions pass through the platform. Our platform allows CRE professionals to extract and standardize data from deal financials instantaneously, gain deep insights into every property, and generate a comprehensive underwriting, with our model or their own. Our robust set of features includes floor plan summaries, cash flow analysis, hyperlocal comp sets, easy deal sharing, preset assumptions underwriting templates, and more. redIQ will always provide better insights and faster underwriting. These empower our users to make smarter investment decisions.
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