Commercial Real Estate, Capital, Insurance, Leasing & Management

MultifamilyBiz: TerraCap Management Acquires 638-Unit Forest Cove Apartment Community in Northeastern Atlanta Suburb of Doraville, Georgia

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TerraCap Management, a privately held investment firm with its headquarters in Naples, Florida, announced the acquisition of Forest Cove Apartments, a 638-unit apartment complex located in the northeastern Atlanta suburb of Doraville. The garden-style apartment complex sits on 78 acres and features one, two, and three-bedroom units. The property’s amenities include a pool, a fire pit, a grilling area, a dog park, two playgrounds, and two soccer fields.

Kevin Geiger of CBRE represented the seller in the disposition. TerraCap was represented by Robert Kadoori and C.J. Kelly of CBRE’s Debt & Structured Finance division in arranging financing for the acquisition. Chad DeFoor and Dan Phelan of Franklin Street assisted in securing the buyer.

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