Coro Realty Advisors, LLC, Reports Luxury Residential Apartments are Hot in Atlanta

Atlanta, GA (PressExposure) September 16, 2009 -- Despite the downtown in luxury home sales, Coro Realty Advisors, LLC, reports a strong market for luxury rentals in Atlanta. In just four months since its opening 05 Buckhead is now over 50% rented. Coro reports new leases are being executed at an average rate of between 18 and 20 homes per month. The ‘white glove’ building, which was conceived from the ground-up as a luxury apartment building, is located at the prestigious corner of Peachtree and Piedmont Roads and is a hallmark for Coro’s 13.5-acre Buckhead Place development.

“Because 05 Buckhead was always planned for the person seeking the highest level of service and the most luxurious finishes in a rental home, the building contains amenities and benefits that are not available in other leased properties including an onsite management team dedicated to providing turnkey service,” said Patti Pearlberg, Vice President and Asset Manager, Coro Realty Advisors, LLC.

“Residents at 05 Buckhead enjoy a true ‘lock and leave’ lifestyle with onsite management and concierge service that provide 24-hour maintenance and services with one call. This means residents do not have to track down an individual owner, or deal with an HOA to get anything from a simple repair to an added service such as dog walking, house cleaning, or grocery shopping,” explains Pearlberg. “Our residents have many choices and can live anywhere and many of them do! But they choose 05 Buckhead for their Atlanta home as it provides the excellence they desire and a total luxury lifestyle without tying up assets,” added Pearlberg.

This October, 05 Buckhead will participate in Coro’s month-long program of giving back to the community. A special fundraising event is planned for 05 Buckhead to benefit For the Love of Africa, a student led and student founded non-profit organization that is raising funds for Dry Tears is a foundation started by a metro Atlanta student to help raise money to build wells in devastated parts of Africa. “We will be releasing more details about our October fundraising efforts,” said Pearlberg. “We are delighted as a leading developer of multi-family housing to have the opportunity to share our success to help people around the world as they improve their standard of living.”

For information about leasing at 05 Buckhead visit: or call: 404.446.0505.

About Praxis Real Estate Advisors, LLC

Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment. The firm has a long tradition of preserving Atlanta's landmark apartment buildings, including The Wilburn House, and Palmer & Phelan Condominiums. Coro has also a substantial legacy in offering highly desirable new addresses to Atlanta residents, including Piedmont Crest (condominiums on Piedmont Park), Berkeley Heights (mixed use retail and apartments), Gallery (high-rise condominiums) and Tremont City Living (a new urban living center with commercial, retail, apartments and condominiums).

With a commitment smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments.

Coro Realty Advisors, LLC provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States with their offices located at 400 Northcreek, Suite 100. 3715 Northside Parkway, Atlanta, Georgia 30327.

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Press Release Submitted On: September 16, 2009 at 12:26 pm
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