Consisting of 147 rental apartments and street level restaurant space in a 24-story tower, Lilli Midtown was developed through a joint venture of ELV and a valued development partner with expertise in the industry. Completed in 2018, Lilli Midtown is located in one of Atlanta’s most dynamic urban neighborhoods and was designed to appeal to broad range of affluent urban professionals. Upon full lease up and after a brief holding period, the multiple award-winning asset was sold in February 2020 to a large Canadian pension fund. Net proceeds supported attractive results on ELV’s LP equity position of $14 million over a four-year period of development, leasing, and exit.
