Toll Brothers Inc. unit Toll Brothers Apartment Living and Carlyle Group LP formed a joint venture to develop a 320-unit, 12-story apartment community in Atlanta's West Midtown neighborhood.
![]() Osprey apartment community in Atlanta Source: Toll Brothers Inc. |
The planned Osprey residential tower will be on a 2.07-acre land parcel in a mixed-use community and will offer a pool, fitness center, club room and coffee bar, coworking space, courtyards and a 501-space parking garage. Leasing and first move-ins are expected in early 2020.
The joint venture obtained a construction loan facility from BB&T Real Estate Funding LLC, serving as administrative agent, and Comerica Bank. Carlyle's equity for the investment came from the Carlyle Realty Partners VIII fund.
Toll Brothers Apartment Living will manage the development, marketing, leasing and property management of the tower.

