Marketplace Vista Apartments Trades Hands for $87 Million

White Oak Partners acquired the 298-unit property, the residential component of upcoming mixed-use Marketplace at Terrell Mill
Market Place Rendering
Rendering: Official

Vista Realty Partners recently completed the $87 million sale of the 298-unit Marketplace Vista Apartments.

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The Marietta property is the residential component of the soon-to-open Marketplace at Terrell Mill project which will be home to a variety of uses including a Kroger-anchored shopping area with restaurants like Los Abuelos Mexican Grill.

Synovus Bank provided construction financing for the project. A joint venture among Nationwide Insurance Co., RADCO and Blue Vista Asset Management LLC., Eduard de Guardiola’s Family Office, (principal and founder of Vista), provided the equity.

“Stellar property performance combined with high caliber unit finishes and luxury amenities created an ideal opportunity for the buyer, White Oak Partners, to expand its Atlanta portfolio with the acquisition of another class A asset,” according to an announcement this week.

Vista is an Atlanta-based real estate investment company specializing in the ownership and development of multi-family housing throughout the Southeast, founded in August 2000 by Eduard de Guardiola and the Georgia division is led by Michael Neyhart.

Caleb J. Spivak

Caleb J. Spivak

Caleb J. Spivak

Caleb J. Spivak