ECI Group and Marcus Partners Complete Acquisition of Riverside Parc Apartments in Atlanta

ECI Group, with joint venture partner Marcus Partners, has completed the off-market acquisition of Riverside Parc Apartments, a seven-building, 280-unit garden apartment community located at 1925 Waycrest Drive Southwest in Atlanta, GA.

"ECI is thrilled to acquire Riverside Parc with first-time joint venture partner, Marcus Partners," said Peter Miklius, Acquisitions Director at ECI Group. "We are optimistic about the future growth prospects at this property and in the Atlanta apartment market in general, as the current oversupply of apartments is absorbed in 2026. The property is approximately 15 years old, and in mostly original condition, so we plan to modernize the amenities and unit interiors, which will make the property more enjoyable for the residents and be a long-term benefit to the neighborhood."

ECI’s planned capital improvements are targeted and resident-focused. The program includes renovating the clubhouse and other common amenities, installing washers and dryers in all units, and upgrading unit interiors with refreshed paint palettes, framed bathroom mirrors, and new plumbing fixtures. These updates are positioned to address the property’s age and bring unit and amenity standards in line with current renter expectations.

Riverside Parc benefits from strong regional employment connectivity. The community offers close access to more than 26,000 jobs in the nearby Fulton Industrial Corridor and is a short drive from Hartsfield-Jackson Atlanta International Airport, which supports more than 448,000 regional jobs. The surrounding neighborhood includes established retail and service options such as Sandtown Crossings Shopping Plaza, anchored by Publix, Starbucks, and CVS, and Camp Creek Marketplace, which includes LA Fitness, Target, and Lowe’s.

ECI Group operates as a fully integrated real estate organization with development, construction, investment, and property management capabilities. This acquisition, completed with Marcus Partners, aligns with the firm’s practice of combining asset-level upgrades with operational oversight to drive residential performance and neighborhood value.

Multifamily Leadership will continue to track how targeted modernization and strategic acquisitions influence market positioning and resident experience across evolving apartment markets.