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May 20, 2022

Northland’s Latest Buy Brings Atlanta Multifamily Investment to $520M


May 20, 2022

By Lisa McDuffie


Newton, MA-based Northland has acquired The Maven, a fully leased 276-unit, garden-style community in Suwanee, GA about 30 miles from downtown Atlanta.


Since entering GA in 2020, Northland has invested $520 million to acquire 1,300 apartments and $250 million in land for future development, including the acquisitions of of SLX Atlanta and a Midtown development site in January 2022.


The Maven spans five residential building across 14 acres and includes over 12,700 square-feet of dedicated retail and office space. It is less than a mile from Suwanee’s town center and within walking distance to retail shops, restaurants and an arts community.


With a population of 21,000, Suwanee’s growth has been fueled by job opportunities in a mix of tech and distribution industries and employers AGCO, Asbury Automotive, Primerica, Intuitive Surgical and Phillips Electronics.