Coro Realty has sold its ownership stake in Inman Quarter, a Class-A mixed-use development located in the heart of one of Atlanta’s most vivacious and eclectic in-town neighborhoods. TriBridge Residential, the other stake holder in the property, will take full ownership of the property through this sale.

TriBridge and Coro Realty purchased the three-phase development shortly after construction was completed in 2015.  

“We initially invested in Inman Quarter for long-term cash flow and capital appreciation.  However, in line with our opportunistic investment strategy, when the chance arose to sell our stake to TriBridge at an attractive valuation, we took it,” said Robert Fransen, President of Coro Realty.

“Inman Quarter is generational real estate that epitomizes live-work-play along the Beltline,” said Steve Broome, Managing Partner at TriBridge. “As the top asset in our portfolio, it will anchor the TriBridge Perpetual Income (TPI) investment vehicle, a new long-term strategy focused on exceptional assets in exceptional locations.”

The Inman Quarter property is home to 200 apartments, 315-space public parking deck and 39,000 square feet of High Street, including neighborhood favorites Beetlecat, Bartaco and Hampton & Hudson.

While Coro Realty has sold its ownership, its affiliate, thoughtwell, will continue to oversee Inman Quarter’s retail leasing, while TriBridge will continue the high-quality management of this marquee mixed-use property.