South City sells 285 apartments in Atlanta area

CBRE has brokered the sale of Signal, a 285-unit mid-rise apartment complex in Hapeville, Georgia, approximately 8 miles south of downtown Atlanta.

Shea Campbell, Ashish Cholia, Kevin Geiger, Keith Geiger, Colleen Hendrix, Don Hoffman, Malcolm McComb and Kurt McGarry of CBRE Southeast Multifamily arranged the sale on behalf of the Atlanta-based apartment developer. South City Partners. Penler, also based in Atlanta, purchased the property in a joint venture with global investment firm Carlyle (NASDAQ:CG).

Located at 397 N. Central Ave. in Hapeville, Signal was completed in 2023 and offers a mix of one- and two-bedroom units. Averaging 861 square feet, units include washers and dryers and personal balconies/patios. Community amenities include a media club room, wraparound lounge, multiple outdoor grilling areas, a pizza oven, a fireside lounge, a complimentary resident coffee bar, a fitness center, a saltwater pool, a dog park, private garages, rental storage units, and more.