GID Acquires ARIUM Vinings Station Multifamily In Atlanta, GA For $79M

GID has acquired ARIUM Vinings Station, a 315-unit garden-style community in Vinings, Georgia, for a sale price of $79,000,000. The property, located at 4695 North Church Lane Southeast, spans across 15.3 acres. The sale transaction was facilitated by W. Gardner Wallace of GID and Patrick Carroll of Carroll Organization as the buyer and seller representatives, respectively. The lender for this transaction was CBRE Capital Markets. ARIUM Vinings Station will now be rebranded as Windsor Vinings.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $79,000,000
• Address: 4695 North Church Lane Southeast, Vinings, Georgia
• Market: Atlanta, GA
• Acres: 15.3
• Buyer: W. Gardner Wallace - GID
• Seller: Patrick Carroll - Carroll Organization
• Lender: CBRE Capital Markets
• Units: 315
• Price per Unit: $250,794

The acquisition of ARIUM Vinings Station by GID marks an important investment in the multifamily sector in Vinings, Georgia. This purchase demonstrates GID's commitment to expanding its portfolio in the Atlanta market. Both W. Gardner Wallace of GID and Patrick Carroll of Carroll Organization played crucial roles in facilitating this deal, ensuring a successful transaction for all parties involved.