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789 Hammond Drive Northeast

Sam Eisenman Of Trinity Property Consultants Acquires 300-Unit Multifamily Property In Sandy Springs For $53M
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

Sam Eisenman

Trinity Property Consultants

Broker

$53M

vol

1 deal

Broker
Sam Eisenman

Sam Eisenman

Trinity Property Consultants

Buyer

$176M

vol

2 deals

Buyer

John Blanchard

Ascent Residential

Seller

$138.1M

vol

2 deals

Seller

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