New York based J.P. Morgan, an American multinational investment bank and financial services holding company, has purchased The Cottages at Ridge Pointe for $50.75 million from Vinings-based Jim Chapman Communities, one of greater Atlanta’s premier homebuilders.  The 216 unit highly amenitized community of rental ranch cottages was developed by Jim Chapman Communities in 2019-2020 and is located at 805 Zelkova Ridge in Athens, Ga.  The Cottages at Ridge Pointe is Athens’ first-of-its-kind deluxe horizontal apartment community, featuring charming single-level, ranch-style homes.  Each rental cottage boasts a variety of features including private patios and front-porch entryways, chef-inspired kitchens with granite countertops and subway tile backsplashes, designer lighting, stainless steel, energy-efficient appliances, wide doorways, a zero-step entry into the home, walk-in closets and attached, single car garages.

The centerpiece of the community is its resort-style pool and welcoming 4,000 square foot clubhouse with fitness center, catering kitchen and leasing and management offices.  The lush landscaping is professionally maintained, and the community also offers onsite management by Atlanta-based RangeWater Real Estate which includes 24-hour emergency maintenance service.  For more information, visit www.ridgepointeathens.com or call (706) 715-5391.