ECI Group and Marcus Partners Successfully Acquire Riverside Parc Apartments in Atlanta
In a notable move within the real estate market, ECI Group has officially announced its acquisition of Riverside Parc Apartments located in Atlanta, in partnership with Marcus Partners. This strategic deal encompasses the acquisition of a well-established garden apartment community, consisting of seven buildings and 280 units, situated at 1925 Waycrest Drive Southwest. This investment demonstrates ECI Group's commitment to enhancing community living through modernization and accessibility.
Peter Miklius, the Acquisitions Director at ECI Group, expressed enthusiasm about the deal, highlighting the potential for growth in the property and the Atlanta apartment market. With a current surplus in housing, Miklius believes 2026 will see a significant absorption of apartments, making this acquisition particularly timely. The Riverside Parc Apartments, which are approximately 15 years old, are primarily in their original condition. ECI Group has plans to modernize the community by upgrading the amenities and interiors of the units, aiming to create a more enjoyable living space for residents and to benefit the local area in the long run.
The modernization plans include several major renovations. ECI Group intends to refurbish the clubhouse and various other amenities. Additionally, all units will see the installation of washers and dryers for added convenience. Interior upgrades will also involve refreshing paint colors, framing bathroom mirrors, and replacing plumbing fixtures, all geared towards enhancing residents' quality of life.
Riverside Parc is exceptionally well-positioned, providing residents with outstanding access to over 26,000 jobs in the nearby Fulton Industrial Corridor. Its proximity to Hartsfield-Jackson International Airport, which supports more than 448,000 jobs in the region, further enhances its appeal for residents commuting for work. The community also benefits from a vibrant surrounding area that boasts high-quality residential and retail options. Nearby places include the Sandtown Crossings Shopping Plaza that houses popular retailers like Publix, Starbucks, and CVS, along with the Camp Creek Marketplace, which features LA Fitness, Target, and Lowe's.
The architectural design of Riverside Parc comprises three- and four-story buildings offering a variety of one-, two-, and three-bedroom units. Each residence is designed to provide comfort and style, featuring plank flooring, generous 9-foot ceilings, garden soaking tubs, and ample storage with walk-in closets. Such well-appointed spaces ensure that residents can enjoy a high quality of life.
In addition to the enhancements being made at Riverside Parc, the community includes a range of amenities to elevate the living experience. Highlights of the property encompass an on-site clubhouse equipped with a dartboard and movie theater seating, an e-lounge with PCs, an air printer, Wi-Fi and a gourmet coffee bar, as well as a complimentary car care center. Families can also take advantage of the playground and fitness center, which features spin bikes, ensuring that all residents have access to recreational facilities.
Moreover, the community boasts a swimming pool outfitted with cabana seating and pool loungers—an inviting space for relaxation and socializing. Such extensive amenities, combined with planned renovations, position Riverside Parc as a desirable choice for residents seeking a blend of comfort, convenience, and community engagement.
ECI Group's commitment to this acquisition is supported by Purvesh Gosalia and Hayden Hedrick from Newmark, who acted as brokers in the transaction. Moving forward, ECI Group will take charge of the management of Riverside Parc, ensuring that the community is maintained to high standards and that residents enjoy a positive living environment.
With over 50 years of experience, ECI Group has established itself as one of the leading real estate organizations in the United States, known for its innovation and performance in the multifamily sector. The firm holds a diverse portfolio featuring more than 7,500 units across the Southeast and Texas, and is strategically positioned for continued success in the evolving multifamily industry. Meanwhile, Marcus Partners, with its 35-year legacy in investment and management, is set to leverage its expertise in realizing the full potential of this acquisition, further enriching the Atlanta real estate landscape.
As ECI Group embarks on this transformative journey with Riverside Parc Apartments, the enhancements planned promise to not only elevate the living conditions for current residents but also attract new residents looking for quality housing within thriving urban environments.
Peter Miklius, the Acquisitions Director at ECI Group, expressed enthusiasm about the deal, highlighting the potential for growth in the property and the Atlanta apartment market. With a current surplus in housing, Miklius believes 2026 will see a significant absorption of apartments, making this acquisition particularly timely. The Riverside Parc Apartments, which are approximately 15 years old, are primarily in their original condition. ECI Group has plans to modernize the community by upgrading the amenities and interiors of the units, aiming to create a more enjoyable living space for residents and to benefit the local area in the long run.
The modernization plans include several major renovations. ECI Group intends to refurbish the clubhouse and various other amenities. Additionally, all units will see the installation of washers and dryers for added convenience. Interior upgrades will also involve refreshing paint colors, framing bathroom mirrors, and replacing plumbing fixtures, all geared towards enhancing residents' quality of life.
Riverside Parc is exceptionally well-positioned, providing residents with outstanding access to over 26,000 jobs in the nearby Fulton Industrial Corridor. Its proximity to Hartsfield-Jackson International Airport, which supports more than 448,000 jobs in the region, further enhances its appeal for residents commuting for work. The community also benefits from a vibrant surrounding area that boasts high-quality residential and retail options. Nearby places include the Sandtown Crossings Shopping Plaza that houses popular retailers like Publix, Starbucks, and CVS, along with the Camp Creek Marketplace, which features LA Fitness, Target, and Lowe's.
The architectural design of Riverside Parc comprises three- and four-story buildings offering a variety of one-, two-, and three-bedroom units. Each residence is designed to provide comfort and style, featuring plank flooring, generous 9-foot ceilings, garden soaking tubs, and ample storage with walk-in closets. Such well-appointed spaces ensure that residents can enjoy a high quality of life.
In addition to the enhancements being made at Riverside Parc, the community includes a range of amenities to elevate the living experience. Highlights of the property encompass an on-site clubhouse equipped with a dartboard and movie theater seating, an e-lounge with PCs, an air printer, Wi-Fi and a gourmet coffee bar, as well as a complimentary car care center. Families can also take advantage of the playground and fitness center, which features spin bikes, ensuring that all residents have access to recreational facilities.
Moreover, the community boasts a swimming pool outfitted with cabana seating and pool loungers—an inviting space for relaxation and socializing. Such extensive amenities, combined with planned renovations, position Riverside Parc as a desirable choice for residents seeking a blend of comfort, convenience, and community engagement.
ECI Group's commitment to this acquisition is supported by Purvesh Gosalia and Hayden Hedrick from Newmark, who acted as brokers in the transaction. Moving forward, ECI Group will take charge of the management of Riverside Parc, ensuring that the community is maintained to high standards and that residents enjoy a positive living environment.
With over 50 years of experience, ECI Group has established itself as one of the leading real estate organizations in the United States, known for its innovation and performance in the multifamily sector. The firm holds a diverse portfolio featuring more than 7,500 units across the Southeast and Texas, and is strategically positioned for continued success in the evolving multifamily industry. Meanwhile, Marcus Partners, with its 35-year legacy in investment and management, is set to leverage its expertise in realizing the full potential of this acquisition, further enriching the Atlanta real estate landscape.
As ECI Group embarks on this transformative journey with Riverside Parc Apartments, the enhancements planned promise to not only elevate the living conditions for current residents but also attract new residents looking for quality housing within thriving urban environments.
Topics General Business）
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