/

|

Generations Property Owner LLC filed to foreclose on a $104M loan attached to Generation Atlanta, a 17-story, 336-unit luxury high-rise at 369 Centennial Olympic Park Drive, according to a notice filed with the South Fulton Neighbor newspaper.

The property is owned by Canadian real estate investment firm Frankforter Group, which purchased the property in 2021 from its developer, Kaplan Residential, for $126.9M. That set a new record for the most expensive apartment to trade hands within the Downtown Atlanta submarket. The original loan was granted by an LLC for Arbor Realty Trust, but it was transferred in May to Generations Property Owner, according to property record firm Databank.