Northland Furthers Commitment to Georgia with the Acquisition of Station at River Crossing in Macon
National real estate owner, operator, and developer secures its fourth Georgia acquisition in seven months
MACON, GA (July 11, 2022) – Northland, a leading national real estate private equity firm with $8 billion of assets under management, announced today the acquisition of Station at River Crossing, a fully leased, 91-unit residential community in Macon, GA. This deal marks the fourth Northland acquisition in Georgia this year and further reinforces the firm’s long-term commitment to investing in the state and enhancing Georgia’s communities.
“Station at River Crossing is ideally situated in the heart of affluent Northwest Macon and one of the few assets with true walkability to the area’s most exciting retail and dining destinations,” said Andy Young, Director of Investments at Northland. “Since our entry into Macon in 2020, Northland has sought to expand in the area with a focus on class-A assets with market leading finishes that would allow us to leverage our extensive expertise and national operating platform to elevate the resident experience. Our team has been pursuing Station at River Crossing for the past year, and we’re thrilled to finally be adding this community to our growing Georgia portfolio.”
Offering a mix of one-, two-, and three-bedroom homes, Station at River Crossing’s contemporary design emphasizes modern finishes including granite countertops, stainless-steel appliances, hardwood floors, and in-unit laundry, with some residences also including large balconies. Spanning roughly five acres, the residential community provides residents with access to an impressive suite of onsite amenities including an expansive outdoor pool surrounded by a large pool deck and courtyard, stone fire pits, and an outdoor seating area with televisions. Inside the building residents can also enjoy a spacious lounge, game room, and fitness center.
Station at River Crossing is Macon’s preeminent, pedestrian-friendly community, ideally situated adjacent to the Shoppes at River Crossing, a large regional lifestyle center including a variety of major retailers and exciting dining options. The proximity to the Shoppes at River Crossing provides convenience and walkability, differentiating Station at River Crossing from other residential communities in Macon. The area also provides significant employment opportunities through several regional employers that include Amazon, Embraer, Irving, Stevens Aerospace and Defense, and Navicent Health.
This acquisition comes during an exciting growth period for Northland. Since entering Georgia in 2020 with the acquisition of the Lofts at Zebulon, also located in Macon, the firm has invested $540 million to acquire 1,400 apartments, and an additional $250 million in developable land for future projects. Northland owns and operates a diversified multifamily portfolio that includes more than 26,000 units across the U.S. The firm’s long-term markets include properties in 13 states spanning New England, the Midwest, and Southwestern and Southeastern regions.