Sutter Hill Acquisition Corp. Buys The District at Vinings Apartments
VININGS, GA --(Marketwired - June 17, 2016) - Toronto- based Sutter Hill Acquisition Corporation has acquired The District at Vinings Apartments in Metro Atlanta for $68.75 million. Sutter Hill intends to spend up to $7 million renovating the 464- unit multifamily community , which is located on almost 38 acres in the heart of the Vinings area. The transaction closed June 16 , 2016. The District at Vinings Apartments is located at 2800 Paces Ferry Rd S.E., Atlanta, 30339, less than three miles from SunTrust Park -- the new stadium for Atlanta's Major League Baseball team , the Braves -- and The Battery Atlanta, which is expected to be one of the nation's top sports, shopping and entertainment venues. The apartments are also near Home Depot headquarters , the Cobb Energy Performing Arts Center , the Cobb Galleria and quaint Vinings Village . "This is a dominant asset in a dominant location," said Sutter Hill Acquisition President and CEO Karim Kanji . "It also ...