Updated Aug 11, 2026
Home Invest Acquires 977-Unit East Ponce Village In Stone Mountain For $70.7 Million
1310 Wood Bend Drive
$70,700,000
Units
977
Asset Type
MultiFamily
Closing
Aug 11, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily apartment community located at 1310 Wood Bend Drive in Stone Mountain, GA. The sale amount was $70,700,000, with a total of 977 units, resulting in a price per unit of $72,364. The property spans 100 acres.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $70,700,000
- Units: 977
- Price Per Unit: $72,364
- Seller: Brian Adams - Adams Investor Group
- Market: Stone Mountain, GA
- Financing: $70.3 million in Fannie Mae financing maturing in 2031
Home Invest acquired the property from Adams Investor Group, with the sale brokered by Berkadia. This transaction reflects the ongoing activity in the multifamily real estate market, showcasing the involvement of key players like Berkadia in facilitating such deals.
Players
Bend MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $72.4K per unit across 977 units on a published $70.7M (2026).
Visit Adams Investor Group to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93