ATLANTA, GA – Frankforter Group has acquired Garden Walk Apartments, a class B shared apartment in Atlanta. The property consists of 240 rental apartments in Williamsburg Park, a few miles south of Hartsfield-Jackson Atlanta International Airport, a submarket that has seen strong fundamental trends since 2014.
The 29-acre property offers excellent access to many of Atlanta's major employment centers, business drivers and retail centers.
Frankforter Group will invest over $ 2 million in property enhancements, including common area amenities such as an outdoor pool. B. an automated locker system, upgrades of the clubhouse, renovation of the pool area and redesign of the sports fields.
This acquisition continues the group's expansion in the greater Atlanta area. Further acquisitions are planned for the first quarter.
Stephane Benalal, Director of Acquisitions, said: "We have been very active in the Atlanta market over the past few years and we are very excited to expand the group's portfolio in one of the country's growing markets. Garden Walk fits in perfectly with our value creation strategy . Our approach to this community is to invest a significant amount of capital to improve the rental experience and realize the full potential of this property. "
Source: Frankforter Group