Multifamily Repositioning | Atlanta, Georgia | Co-Investment | $51MM
Buckingham is pleased to announce that it has co-invested with an operating partner to acquire a Class B, 490-unit multifamily community comprised of 41 garden-style buildings in Atlanta, Georgia. The business plan is to implement a combination of interior unit renovations, common area upgrades and deferred maintenance. We believe these improvements will allow the opportunity to take advantage of the well-located property’s inherent positioning within a strong submarket.
Our close relationship with the Sponsor, with whom we’ve worked on numerous transactions, is what initially drew us to this assignment. We were attracted to the sponsor’s track record in the submarket and the strategic location, with close proximity to robust job growth of large multinational companies nearby & easy access to public transportation options.