Miami-based Bayshore Investment Partners (“BIP”) is pleased to announce the recent acquisition of Pad on Harvard, a 109-unit boutique apartment community in Atlanta, Georgia in the College Park Submarket. The community was developed in 2016 and is located across the street from the College Park MARTA station, one stop from the Atlanta Hartsfield Airport. Offering studio, one-bedroom and two-bedroom apartments, each unit is outfitted with granite countertops, premium appliances and wood flooring. Oversized community amenities include a pool, gym, indoor/outdoor sky view lounge, gated parking and a spacious clubhouse. This marks BIP’s second multifamily acquisition in the Atlanta market. BIP’s sister company, Cynergy Property Management (“CPM”) will be managing the property on behalf of BIP. BIP was represented locally by Eric Weiss and Brandon Kopp of Schulten Ward Turner & Weiss, LLP and its Florida-based corporate counsel Chad Freedman of Ballaga Freedman & Atkins. Cushman & Wakefield’s Travis Presnell and Alex Brown represented the Seller.
BIP acquires multifamily and industrial flex properties throughout Florida and Atlanta and is expanding to North Carolina and Nashville. Including an additional community BIP is closing on in late April, BIP / CPM will own and manage thirteen multifamily properties with approximately 1,800 units and over 150,000 square feet of commercial properties. BIP seeks additional apartment communities, Class B or better, between $10 and $40 million.
