Conceived as an integral part of the Alpharetta City Center master development and designed to appeal to affluent renters desiring the nearby amenities and conveniences, Amorance was developed through a joint venture of ELV and a valued development partner with expertise in the industry. Comprised of 168 apartments and 42,000 square feet of boutique retail space in two buildings, the project was completed in the spring of 2019 and sold to a domestic pension fund in September 2019. Sale proceeds and cash flow on ELV’s $20 million LP equity position yielded attractive results over a four-year period of development, leasing, and exit.
