ECI Group (ECI) announces the sale of The Corwyn South Point Apartments at 1000 Columns Drive in McDonough, GA, to Morgan Properties (Morgan), one of the nation's largest multifamily owners. The 10-building, 260-unit community in rapidly growing Henry County was developed, built, leased, and managed by ECI Group. The sales price was not disclosed.

“ECI takes great pride in the superb execution by our team at The Corwyn South Point, the first of our Class A Corwyn-branded apartment communities," said Jimmy Baugnon, Chief Investment Officer at ECI Group. “With a sophisticated and modern design aesthetic in the walkable and amenity-rich South Point area, The Corwyn South Point achieved a robust 16-month lease-up and continues to maintain strong occupancy four years after opening. This institutional-quality asset has a fine future ahead in the capable hands of multifamily leader, Morgan Properties.”

The Corwyn South Point features spacious one-, two-, and three-bedroom entertainment-friendly apartments located just off South Point Boulevard near I-75. The community offers convenient access to South Point’s shopping, dining, and entertainment destinations. Residents enjoy a 2,000 square foot clubhouse with a kitchen, a state-of-the-art fitness center with a dedicated yoga/spin room, and a Gathering Room featuring a lounge, fireplace, TV, and media center with a gaming area. Outdoor amenities include a resort-style pool with sun shelf and deck, grilling and fire pit areas, and a landscaped courtyard with lawn games and a bocce court. A dog park and pet wash station complete the pet-friendly amenities.

"We are pleased to expand our existing Atlanta area portfolio with this well-located community, which offers a robust amenity set and attractive unit mix,” said Nick Polera, VP of Acquisitions, who oversaw the transaction on behalf of Morgan Properties. “The property, to be renamed Arden at South Point, aligns with our conviction in the long-term growth and demand drivers across the greater Atlanta market.” 

ECI extends its appreciation to David Gutting of Newmark for his representation of the seller.