Castle Lanterra Properties has purchased 300 Riverside apartments at 300 Riverside Parkway in Austell. The development was built in 1987 and was renovated in 2017. It has one- two-, and three-bedroom units, two tennis courts, a fitness center and a clubhouse.
Castle Lanterra said it plans to address “all deferred maintenance” issues and make water- and energy-related upgrades that would improve sustainability and reduce costs. The Riverside complex is about a half-mile from Premier Apartments, which Castle Lanterra said it acquired earlier this year.