Kinloch Partners to Double Its Atlanta Investments in 2014
- Feb 26, 2014
Kinloch Partners LLC recently announced its intention to purchase lots in 14 subdivisions in Metro-Atlanta, all of them in developments where new construction has been lagging since the 2009 recession. The firm wishes to bring its total investment to nearly 200 new homes in 2014.
Formed in 2011 by Bruce W. McNeilage and Christopher P. Zachary, the firm offers rental and home ownership solutions through new construction, home renovation or investment in financially distressed real estate properties.
The company started with purchasing 26 lots in six subdivisions in East Point, Ga., Jonesboro, Ga., Dallas, Ga., and Atlanta. The most recently acquired lots are located in Savannah Walk in East Point, The Lakes in Jonesboro respectively in Dallas’ Stonewoood Creek and Henderson Ridge communities. The partnership plans to sell about half of the homes, yet to be built by Kinloch Partners’ affiliate Kinloch Homes, and run the rest as rental properties. Construction is expected to begin in the first weeks of March.
Besides being an enticing investment opportunity for the company, choosing discontinued developments can bring significant benefits to existing homeowners as well, according to McNeilage.
“The closer a subdivision comes to completion, the better it is for all of its home values,” he says.
Image of Kinloch Partners model home, courtesy of Kinlock Partners