The Milestone Group has acquired Legends at Laurel Canyon, a 266-unit, garden-style apartment community in Canton, Georgia, in metro Atlanta’s northern suburbs. The purchase price was not disclosed.
Milestone said the property sits in Cherokee County, positioning the acquisition around long term population and employment growth in the North Atlanta corridor. The firm described the deal as an opportunity to buy a newer-vintage multifamily asset in a fast-growing submarket, citing demand drivers tied to recent immigration, household formation, and expanding job density.
The community is located near a Publix-anchored shopping center and within a short drive of a large concentration of retail, dining, and lifestyle amenities. Milestone also cited connectivity to major employment centers, access to healthcare, schools, and outdoor recreation as factors supporting the area’s renter appeal and long-term fundamentals.
Legends at Laurel Canyon features floor plans averaging 1,227 square feet across one-, two-, and three-bedroom units. Property amenities include a clubhouse, fitness center, resort-style saltwater pool, Amazon Hub Lockers, a car care center, bike racks, and pet amenities inside a gated community. Unit interiors include island kitchens, quartz countertops, ceramic tiled backsplashes, Nest thermostats, wood-style flooring, and 9-foot ceilings.
Milestone, founded in 2003, is a privately held real estate investment management firm focused on value-add multifamily in major U.S. metros. The company said it has completed more than $9 billion of multifamily investments totaling over 90,000 units across multiple economic cycles, and invests through discretionary equity funds with offices in Dallas, Boca Raton, and Atlanta.
KEY QUOTES
“Legends at Laurel Canyon represents a compelling opportunity to acquire a high-quality, newer vintage asset in one of metro Atlanta’s fastest-growing submarkets.”
“The property’s location benefits from favorable long-term supply-demand fundamentals and was acquired at a significant discount to replacement cost through assuming attractive existing financing. This acquisition offers downside protection with substantial upside potential in a market exhibiting the kind of structural growth fundamentals we are actively seeking.”
Jason Wise, Managing Director of Acquisitions, The Milestone Group
