four-story mid-rise apartments

 In August 2024, PENLER acquired Reserve Decatur, a four-story mid-rise apartment surfaced-parked community, located at 2600 Milscott Drive, Decatur, GA 30033. The property offers residents a host of modern amenities, including stylish reception and lounge areas with TVs, a cyber café with high-speed WiFi and a coffee bar, and a conference room with a kitchen. Residents also have access to a fitness center with top-tier cardio equipment, a game lounge, and a custom saltwater swimming pool featuring fountains and sunshelves. Outdoor amenities include a poolside kitchen cabana bar, a rooftop lounge with a presentation kitchen, and a secondary outdoor kitchen with fireplaces and a TV overlooking a landscaped courtyard. Additional features include a bocce ball court, playground, dog park and spa, controlled access, and elevator-accessible buildings. 

Reserve Decatur is located in the Decatur/North Druid Hills submarket of Atlanta, a prime area supported by key demand drivers such as Emory University, Emory University Hospital, the Centers for Disease Control and Prevention (CDC), and Children’s Healthcare of Atlanta (CHOA). The medical corridor in Decatur contributes $15 billion annually to the local economy, with Emory University alone supporting over 4,000 jobs and the broader medical sector providing over 40,000 jobs. Decatur, known as the “city within a city,” is celebrated for its walkable downtown, upscale boutiques, and thriving restaurant scene, consistently ranking as one of Georgia’s top places to live. 

The planned renovation includes a $3 million capital budget for updating interior units, painting exteriors and corridors, and enhancing amenities.