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

ConnectCRE

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.