Hidetake Takahashi Of ORIX Corporation Acquires 391-Unit Multifamily Property In Atlanta For $83M

The transaction involved a multifamily asset located at 3478 Lakeside Drive Northeast in Atlanta, GA. The property, known as AMLI Lenox, features 391 units within a 24-story structure that was completed in 2020. The sale price was recorded at $83,000,000, with a price per unit of $212,276. At the time of sale, the property was 96% occupied and is set to be renamed Akari Buckhead.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $83,000,000
• Buyer: Hidetake Takahashi - ORIX Corporation
• Seller: Fred Schreiber - AMLI Residential Properties
• Brokers: Shea Campbell, Colleen Hendrix, Don Hoffman & Ashish Cholia - CBRE
• Units: 391
• Price Per Unit: $212,276

CBRE played a significant role in this transaction by arranging both the financing and the sale. The buyer, ORIX Corporation, acquired the asset through an $83 million loan provided by New York Life, further facilitating the purchase of the luxury apartment tower.