The Avenues, Atlanta, Georgia

Successful exit

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The Avenues, Atlanta, Georgia 2017-05-31T10:14:15+00:00

Project Description

Acquisition and renovation of a 392-unit, furnished apartment complex. The complex contains parking spaces, a swimming pool, a gym, community center and playground. It is located next to central traffic routes providing easy access to the city and to employment centers in downtown Atlanta.

2515 Northeast Expressway NE Atlanta, GA 30345, USA

Year launched

2014

Equity raised

$2,730,000

Expected duration

36 Months

Actual duration

24 Months

Exit*

29.20%

Property investments are illiquid, and past performance is no indication of future success

About the neighborhood

Atlanta, the capital of Georgia, is considered the economic capital of the southeastern U.S., drawing many businesses to the area. The city benefits from positive immigration of over 15% in the last decade, and from a highly developed public school system.

About the developer

Crown Holdings Group is a leading development group with various subsidiaries, including one specializing in multi-mamily properties in the southeastern U.S. Company executives have over 30 years experience in  theplanning, construction and maintenance of real estate.

The opportunity

Acquisition and renovation of a 392-unit, furnished apartment complex. The complex contains parking spaces, a swimming pool, a gym, community center and playground. It is located next to central traffic routes providing easy access to the city and to employment centers in downtown Atlanta.

Other projects by the developer