SHR Residential Acquires Collier Flats Multifamily Community

ATLANTA – JULY 28, 2022 – SHR Residential (“SHR Resi”) is pleased to announce that it has acquired Collier Flats, a premium apartment home community located in Atlanta’s vibrant Upper Westside (“UWS”) neighborhood on the West Side of Buckhead, just north of West Midtown.

Collier Flats is located at 1000 Collier Road, just off the major Northside Drive interchange of the I-75 highway that is a major commuter artery into Midtown and Downtown Atlanta.

The Collier Flats community features 76 Class A apartment homes that each have two bedrooms.

SHR Resi will be completing premium upgrades to the interiors of each home.  Renovated apartments have updated kitchens with new stainless steel appliances, cabinets, stone backsplashes, quartz countertops, lighting and plumbing fixtures; new washer and dryer appliances; and new window coverings, wood style flooring and paint. Exterior improvements include new windows, gutter and downspout replacements, new lighting and major landscaping changes.

This is SHR Resi’s fourth apartment home community in the Upper Westside neighborhood as the company makes a long-term commitment to one of the most attractive and swiftly developing parts of metro Atlanta. Less than a mile away, SHR Resi recently started a ground-up development of The Howell, a community of 210 premium Class A apartments located at 1850 Howell Mill Road NW on the site of a former food truck park just off I-75.

“Collier Flats fits within our ‘heavy-value-added’ strategy and is an important addition to our growing Upper West Side portfolio. Collier Flats is an attractive community for both young professionals and families that want to live in a premium apartment in a prime in-town school district,” said Foster Durkee, President of SHR Residential.  “Collier Flats features a prime location within the UWS community and quick access to Buckhead, Midtown, and Cumberland/Galleria.  The  neighborhood is thriving with new retail, shopping and restaurants such as The Works and Westside Village, and located very close to the Beltline, several parks and numerous outdoor lifestyle amenities.”

Collier Flats is the seventh Atlanta-area apartment investment since 2021 for SHR Resi, which is a wholly-owned subsidiary of Songy Highroads. The acquisition aligns with the company’s strategy of acquiring premium multifamily communities in rapidly developing neighborhoods in metro Atlanta as well as workforce housing properties that need targeted capital improvements and repositioning.

ABOUT SHR RESI

SHR Resi was formed in 2022 by Songy Highroads (SHR) principals to acquire value-add multifamily properties in the metropolitan Atlanta area as well as selective ground-up development of new multifamily mixed-use communities. SHR began expanding into multifamily investments in 2017 to diversify and complement its holdings in commercial real estate and institutional quality hotels and hospitality properties. Marvin Banks, Jr. is Chairman while R. Foster Durkee serves as President, with Taylor Callaway covering acquisitions. Learn more at songyhighroads.com.

Media contact:

Mary Jane Credeur of The Credeur Group

404 317 2718

mj [@] credeurgroup.com