TerraCap sheds Atlanta apartments

Move comes three years after $116 million acquisition of four complexes containing 1,100 units.

  • By Kevin McQuaid
  • | 6:00 a.m. September 18, 2020
  • | 0 Free Articles Remaining!
COURTESY PHOTO -- TerraCap Management of Bonita Springs has sold the seconf of four apartment complexes in the Atlanta area it bought in 2017.
COURTESY PHOTO -- TerraCap Management of Bonita Springs has sold the seconf of four apartment complexes in the Atlanta area it bought in 2017.
  • Commercial Real Estate
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TerraCap Management LLC, a Bonita Springs-based investment firm that has specialized in generating significant returns on assets in select markets, has sold the second of four Atlanta apartment complexes it acquired in 2017.

The 268-unit Crossings at Holcomb Bridge apartments traded for $39 million, a 43% gain over the amount TerraCap paid three years ago.

 

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