Acquisition on Re-positioning of Multifamily Site

The Preserve aerial

Atlas represented an investor client in the acquisition of The Preserve community, a bank-owned asset that was partially developed in Athens. The property had title issues, and we assisted this investor in cleaning up the title problems and repositioning the asset. Originally built and marketed as fee-simple townhouse units that were sold to individuals as primary residences, the investor was able to reposition the units as one of Athens premier rental communities. Atlas leased the units quickly, and the investment has been stable with appreciating rents ever since. Additionally, Atlas assisted this same investor with acquiring the surrounding undeveloped land around the existing units, making future development possible.