RangeWater Real Estate Acquires Suwanee Apartment Complex

An Atlanta-based residential real estate company has acquired an apartment complex in Suwanee.

RangeWater Real Estate paid $62.8 million for Provenza at Old Peachtree in an all-cash transaction, Atlanta Business Chronicle reports . The firm purchased the apartment complex from Momentum Real Estate Partners , a real estate company based in Miami.

RangeWater Real Estate is the company behind several other apartment communities in metro Atlanta, including The Vivian on the BeltLine and the upcoming 304-unit Camino in Doraville, expected in spring 2025 .

Provenza at Old Peachtree is located at 1460 Distribution Drive, northeast of Atlanta. The 258-unit apartment complex offers one-, two- and three-bedroom floor plans, ranging from 649 to 1,314 square feet. Amenities include a fitness center, clubhouse, business center, a pool with a poolside grilling station, and more.

Minor renovations and enhancements are planned for the units, according to Atlanta Business Chronicle . See the full report here .

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