Cortland Acquires Echo Lakeside

296-unit property will be rebranded Cortland Peachtree Corners

 For Immediate Release

ATLANTA (SEPT. 13, 2019) – Multifamily real estate investment firm Cortland has added to its Atlanta portfolio of more than 11,000 apartment units with the acquisition of Echo Lakeside in Peachtree Corners, a vibrant north Atlanta suburb. The property has been rebranded Cortland Peachtree Corners.

It will be acquired by Cortland’s Growth and Income fund, which focuses on acquiring core and core-plus properties in Cortland’s southeastern and southwestern U.S. markets.

Construction of the 296-unit Cortland Peachtree Corners, a core-plus property, was completed in April 2019. The community is bordered by two lakes, and amenities include two docks where residents can fish or launch kayaks. Additional amenities include a clubhouse, business center, fitness center, swimming pool, rideshare space and dog park. An 11-mile walking trail connects Cortland Peachtree Corners to Technology Park, an office park home to more than 25,000 workers.

Cortland Peachtree Corners is an additional signifier of Peachtree Corners’ continuing revitalization. In April, the $103 million Peachtree Corners Town Center hosted its grand opening. Once completed, the 21-acre Town Center will provide a mixed-use lifestyle center for Peachtree Corners residents.

“While Cortland Peachtree Corners’ amenities, including canoes and kayaks for exploring the adjacent lakes, are perfect for residents looking to rest, relax and recharge, we’re looking forward to further elevating resident living experiences by implementing Cortland’s approach to management,” Jim Knight, a Cortland director of investments. “We strive to put our residents at the center of our business. We believe our business thrives when we focus on delighting our residents, and that’s what we intend to do at Cortland Peachtree Corners.”