ATLANTA, Ga. – August 12, 2019 – Regions Bank’s Atlanta Real Estate Banking office recently financed a $39 million Class A, 281-unit multifamily construction project in Atlanta, near the Braves’ Major League Baseball stadium, SunTrust Park, and The Battery Atlanta.
Cumberland Shores will include 182 one-bedroom units, 85 two-bedroom units, nine three-bedroom units and five studio units. Unit amenities will include nine-foot ceilings, wood grain plank flooring, granite countertops, gourmet kitchens, and in-unit washers and dryers. Community amenities will include a fitness club with a locker system, a modern pool and gas grills, a roof lounge area, a conference room with leasable daily space for tenants, and secured parking access. Construction is expected to be complete in August 2021.
Cumberland Shores is a joint venture between Pollack Shores Real Estate Group and a client advised by Principal Real Estate Investors. Matrix Residential, Pollack Shores’ management arm, will manage the community.
Pollack Shores is an award-winning, full-service real estate company creating value through multifamily investment opportunities throughout the Sun Belt. Founded in 2006, the Atlanta-based company currently owns $1.6 billion in total assets. Pollack Shores also owns and operates Matrix Residential, an innovative property management firm dedicated to creating exceptional experiences for every resident, property and client.
Regions Real Estate Banking is a team of four business groups – Real Estate Corporate Banking, Income Property Finance, Homebuilder Finance and Regions Affordable Housing – strategically assembled to meet the needs of professional real estate companies, developers and investors. Regions delivers competitive products with superior service marked by speed, certainty and creativity, leveraging the bank’s full capabilities to offer a wide range of integrated banking solutions to help real estate businesses succeed and grow.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $128 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest, and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 2,000 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.