SOLDMultiFamily
Sam Eisenman Of Trinity Property Consultants Acquires 300-Unit Multifamily Property In Sandy Springs For $53M
789 Hammond Drive Northeast
$53,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 2, 2026
AI
The multifamily asset located at 789 Hammond Drive Northeast in Sandy Springs, Georgia, is a 300-unit apartment tower known as ReNew Perimeter View. It was acquired for a sale price of $53 million. The property was built in 1999 and previously known as The Eva, showcasing its established presence in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $53,000,000
- Units: 300
- Price Per Unit (PPU): $176,667
- Buyer: Sam Eisenman - Trinity Property Consultants
- Seller: John Blanchard - Ascent Residential
- Previous Sale Price: $73.5 million in 2023
- Date of Transaction: 07/02/2026
Sam Eisenman represented Trinity Property Consultants in the transaction, while John Blanchard represented Ascent Residential as the seller. The deal reflects a significant ownership change for the asset, which has seen a notable price fluctuation since its last sale.
Players
Hammond MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93