Crescent Communities Announces Land Closing for Fourth RENDER Property in the Atlanta Market: RENDER Douglasville
ATLANTA (Oct. 25, 2024): Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities, today announced the land closing on its newest multifamily development, RENDER Douglasville. Located approximately 20 miles east of Atlanta in The Trails mixed-use development, adjacent to Great Point Studios’ brand-new 500,000-square-foot film studio anchored by Lionsgate, RENDER Douglasville is expected to deliver new apartment homes in early 2026.
Consisting of five four-story, elevator-served buildings connected to greenspaces and the Douglas County Trail System, the 300-unit RENDER Douglasville will offer residents top-tier, upscale amenities, including a resort-style pool, clubhouse, and outdoor spaces promoting relaxation and recreation with a focus on creating a strong sense of connection to the region’s natural beauty. In addition to its thoughtfully designed residential spaces, RENDER Douglasville will feature engaging programming like movie nights, pop-up concerts, food truck gatherings, and more to spark meaningful interactions and foster lasting connections.
RENDER Douglasville marks the latest in a recent series of successes for Crescent Communities’ multifamily properties in the region, including:
- Strong leasing at the urban backyard oasis NOVEL West Midtown
- Continued construction on the soon-to-deliver RENDER Stockbridge as well as RENDER Turner Lake in Covington, which will open in 2025
- The grand opening of RENDER Covington, the nation’s first RENDER by Crescent Communities development
- Last November’s sale of NOVEL Midtown, which yielded the city’s highest price tag for a multifamily property in 2023.
While Crescent’s Class A NOVEL brand delivers luxury residences in urban environments, RENDER focuses on developing best-in-class suburban multifamily communities with local character at a more approachable cost.
“Crescent Communities has been active in the Atlanta market for decades, with a robust portfolio of 12 delivered or actively building communities totaling more than 3,000 units. As we continue to prioritize vigorous growth in the region, we are thrilled to announce the latest RENDER community,” said Eric Liebendorfer, Crescent Communities’ Managing Director for Georgia. “With its focus on laid-back outdoor living and locally driven programming, RENDER Douglasville will offer an ideal balance of convenience, connection, and the freedom to explore a lifestyle rooted in both relaxation and opportunity.”
As part of The Trails, master developed by The Foxfield Company, RENDER Douglasville will be connected to a 60,000-square-foot commercial village, for-sale townhomes, a hotel, and future office space, all linked by a series of sidewalks and walking trails. The community will also offer convenient access to key regional employment hubs such as Hartsfield-Jackson International Airport, Lionsgate Studios, WellStar Douglas Medical Center, and Central Atlanta, making it an attractive option for professionals seeking a balance between work and leisure.
Key partners on RENDER Douglasville include CIBC, Great Southern Bank, and Phoenix Capital Management, LLC (financing) and Crescent Communities Construction (general contractor).
Nationwide, Crescent Communities continues to experience significant growth with $7.2 billion of residential and commercial investments and developments in various stages of construction, operations, and planning. That pipeline includes 15,300 multi- and single-family build-to-rent units; 58,000 square feet of complementary retail space; and 7.5 million square feet of office, industrial, and life-sciences facilities. With a focus on environmental sustainability and wellness, Crescent Communities is a leading recipient of LEED, NGBS (National Green Building Standard), Fitwel, and WELL certifications.
Renderings of RENDER Douglasville are linked here.
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About Crescent Communities:
Crescent Communities is a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use "communities." We create high-quality, differentiated multifamily and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 86 multifamily communities and 25 million square feet of commercial space. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, and Phoenix. Our multifamily communities are branded NOVEL, RENDER, and HARMON by Crescent Communities, our industrial developments are branded AXIAL by Crescent Communities, and our life science developments are branded THE YIELD by Crescent Communities.
About Phoenix Capital Management, LLC
Phoenix Capital Management is a private equity fund manager, headquartered in Dallas, TX, with a focus on U.S. multifamily assets. Over the course of the firm’s 27-year history, Phoenix has invested over $2.1 billion of capital in more than 275 joint-ventures with developers and sponsors across the U.S. Phoenix’s large, diverse investor base allows the firm to be a consistent capital partner to its roster of developers and operators. For more information, please visit pcpre.com.
