What is the 840 Woodrow project?

840 Woodrow is a $76.76 million affordable housing development featuring 326 residential units located on Atlanta's historic Westside along the BeltLine Trail. The project includes 66 affordable/workforce housing units and 5% of units reserved for tenant-based vouchers.

Who are the key partners in the 840 Woodrow development?

The project is being developed by Woodfield Development in partnership with American South Capital Partners (ASCP), a joint venture of SDS Capital Group and Vintage Realty Company. Vida Companies also played a key role in the project's early entitlements and design.

What is American South Real Estate Fund II (ASREF II)?

ASREF II is an impact investment fund managed by American South Capital Partners that focuses on affordable housing development across 10 Southern states. The fund has committed over $176 million to 25 projects, financing more than 7,071 housing units, 83% of which are affordable to families earning less than 80% of Area Median Income.

What community benefits does the 840 Woodrow project provide?

The project will generate more than 500 construction jobs and 40+ permanent jobs, include subsidized commercial space for local entrepreneurs with repurposed shipping container storefronts, feature a job training facility, and provide direct BeltLine connectivity with public art programming and sidewalk improvements.

October 24, 2025

YieldPro Covers ASCP Investment in Carrolton Flats

BisNow features ASCP investment in Carrolton Flats in its Atlanta deal overview for the week

$15M Equity Investment Secured to Develop $49M 236-Unit Attainable Housing Community Carrollton Flats in Greater Atlanta Metro
This partnership between Ledbetter Properties and ASCP reflects their commitment to supporting high-quality, purpose-driven attainable housing within rent-burdened communities across the Southern United States.

Real estate publication YieldPro covered ASREF II’s $15M equity investment in Atlanta area affordable housing project, Carrolton Flats.

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BisNow Features ASREF II Investment in Carrolton Flats

BisNow features ASCP investment in Carrolton Flats in its Atlanta deal overview for the week

R.H. Ledbetter Properties Secures $15M Equity Investment from ASCP for $49M Attainable Housing Development in Greater Atlanta Metro

R.H. Ledbetter Properties Secures $15 Million Equity Investment from ASCP to Develop $49M 236-Unit Attainable Housing Community in Greater Atlanta Metro

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YieldPro Covers ASCP Investment in Carrolton Flats

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BisNow Features ASREF II Investment in Carrolton Flats

R.H. Ledbetter Properties Secures $15M Equity Investment from ASCP for $49M Attainable Housing Development in Greater Atlanta Metro

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