Rosemont

Rosemont

Atlanta, Georgia

Type
Multi-Family Acquisition
Acquired
May 2008
Sold
May 2015
Fund
Cypress Realty V

Acquisition of a 180-unit Class B multi-family property on 16 acres in the Marietta submarket of Atlanta.  The property resides in Cobb County which has historically limited new apartment development, effectively boosting the value of existing product as Atlanta grows and adds more employment.  The 1979 vintage product was positioned for a heavy exterior renovation in addition to the construction of a new leasing and fitness center, all of which was completed during the first year of ownership.