Atlanta MARTA Kensington Station TOD Joint Venture

Deal value: $60,000,000

Joint venture to develop 250 residential units (40% affordable), 15,000 sq ft retail, and community space at Kensington MARTA station.

The core investment motivation is to leverage transit-oriented development (TOD) at Kensington MARTA Station to address Atlanta’s acute housing affordability crisis, drive sustainable urban growth, and increase transit ridership. The strategic purpose is to create a mixed-use, walkable community that integrates affordable housing, retail, and community amenities, capitalizing on public transit infrastructure and regional policy support for equitable development. The timing is driven by rising housing and transportation costs, policy momentum for TOD, and the need to revitalize underutilized transit-adjacent land.