Nashville, Tennessee– Covenant Capital Group, LLC today announces the May 12th acquisition of Atriums of Plantation apartment community in Plantation, Florida (Fort Lauderdale).

A Commingled fund Managed by Covenant Capital Group has acquired Atriums of Plantation, a 210 unit apartment community for $16.81 million from a publicly traded REIT.  This is the ninth asset acquired in the $140 million Fund.  JMG Realty, Inc. will manage the property.  Grandbridge Real Estate Capital arranged the $13.85 million loan provided by Fannie Mae.  The fund will target additional value-add investments in apartment communities throughout the United States.