Elmington Residential Acquires 433-Unit Resia Tributary Multifamily Community in Douglasville, GA for $73.25M

Elmington Residential has acquired Resia Tributary, a 433-unit multifamily community in Douglasville, Georgia, for $73.25 million, JLL announced April 22, 2026. The deal reflects continued investor demand for new-construction multifamily assets in Atlanta's western submarkets, according to the announcement.

Acquisition Details

The property, located at 1851 Market St. in Douglasville, was sold by Resia, a division of Brazilian homebuilder MRV&Co (MRVE3:BZ). JLL Capital Markets' Investment Sales and Advisory team represented the seller, with the transaction led by Senior Managing Directors Peter Yorck and John Weber and Vice President Dean Shoham.

At $73.25 million for 433 units, the deal equates to approximately $169,186 per unit and roughly $233 per square foot of residential space. No cap rate or financing terms were disclosed.

"The sale of Resia Tributary highlights the continued investor demand for new construction multifamily assets in Atlanta's expanding western submarkets," said Yorck. "The property's strategic location along the I-20 corridor, winnowing supply in the submarket and anticipated 2026 rent growth made it an attractive acquisition opportunity."

Property Overview: Modern Construction with Retail Component

Resia Tributary was completed in 2023 and comprises seven buildings totaling 314,065 square feet of residential space. The community offers a mix of furnished studios, one- and two-bedroom apartments featuring soft-close cabinetry, stainless steel appliances, granite countertops and hardwood-style flooring.

Resident amenities include a 24-hour fitness center, swimming pool, pickleball court, outdoor gaming area, dog park and a multi-purpose community room with workspaces. The property also includes 12,341 square feet of onsite retail space leased to dining, wellness and shopping tenants.

The property sits near Interstate 20 and Atlanta's South Fulton industrial corridor, which the announcement describes as one of the largest industrial hubs in the eastern United States. Major nearby employers cited in the announcement include Google's data center campus and Amazon Web Services facilities.

Douglasville Market Context: Population Growth and Corporate Investment

Douglasville has seen its population grow 40 percent since 2010, according to the announcement. The area has attracted significant corporate investment, including a $5 billion commitment from Amazon Web Services in January 2025 to develop data center campuses across Douglas County. The average household income within a three-mile radius of the property is cited at $117,000, with population growth projected through 2029.

JLL cited tightening supply in the submarket and anticipated rent growth in 2026 as key factors driving investor interest in the I-20 corridor.

Buyer and Seller Profiles

The buyer, Elmington Residential, is a vertically integrated acquisition and development firm focused on single-family build-for-rent and multifamily communities throughout the Sunbelt. Founded in 2018 and headquartered in Nashville, Tennessee, Elmington Residential is an affiliate of Elmington Capital Group and has acquired or developed nearly 3,000 units with approximately $1.0 billion in total assets under management. The firm and its affiliates employ more than 1,000 people operating across 29 states.

The seller, Resia, develops, builds and manages multifamily communities across the United States. The company describes its mission as delivering housing to households spending more than half of their income on rent. Resia is a division of MRV&Co, which the announcement describes as one of the largest homebuilders in the world.

JLL Capital Markets, which arranged the sale, is a global provider of capital solutions for real estate investors and occupiers with more than 3,000 specialists in nearly 50 countries. JLL (NYSE: JLL) reported annual revenue of $26.1 billion for 2025 and operates in more than 80 countries.

Sources: JLL Capital Markets press release, April 22, 2026