29th Street Capital Purchases Atlanta Apartment Community
- Mar 10, 2020
29th Street Capital has acquired Knollwood Park Apartment Homes, a 142-unit property in the Atlanta suburb of Lawrenceville, Ga. This is the firm’s 10th acquisition in the Atlanta area in the past five years.
The community is located just off of GA-120 and GA-124. Knollwood Park Apartment Homes was built in 1998 and offers its residents amenities such as a fitness center, a playground, and common area laundry facilities. The community is embedded in Historic Downtown Lawrenceville and is near numerous restaurants, bars and other attractions.
29th Street Capital plans to completely renovation the interior of the community and to upgrade the amenity spaces. Though the sale price and seller were not disclosed, Knollwood Park Apartment Homes last sold in 2017 to The Walden Group, according to Yardi Matrix.
At the beginning of 2019, 29th Street Capital expanded its portfolio in Houston by acquiring a 438-unit apartment community.