SFO Capital Partners adds 388 units to its US multifamily housing portfolio
London May 18, 2022 – SFO Capital Partners has added 388 apartment units to its multifamily housing portfolio following the acquisition of Discovery, a 94% occupied multifamily housing community, located in Atlanta, Georgia.
This latest transaction marks SFO Capital Partners’ 19th acquisition in the USA and further expands its robust footprint in the US multifamily housing sector. To-date, SFO Capital Partners has acquired over USD1bn worth of US housing assets, representing more than 7,400 units located across the nation’s fastest growing metro areas.
The Property is strategically located in Atlanta, one of the most dynamic and growing markets of Georgia, characterized by an affluent and young population with direct access to the heavily travelled Interstate 75 and key employment nodes such as the Dobbins Air Force Base (12,000 airmen), Home Depot (20,000+ employees), Kennesaw States University (5,000+ employees), as well as five fortune 500 companies.
Commenting on this transaction, Mohamad Abouchalbak, CEO of SFO Capital Partners, said: “We are thrilled to further grow our multifamily housing portfolio with this exciting acquisition in Atlanta, a metro with robust macroeconomic fundamentals, favorable demographics and a clear growth outlook. In the past 12 months, we have acquired five properties comprising 1,800 units, demonstrating our continued and strong conviction in the sector. We look forward to implementing our investment strategy, and deliver attractive returns to our investors.”
About SFO Capital Partners: SFO Capital Partners is a London-based global real estate investor and investment manager, committed to achieving superior risk-adjusted returns and focused on establishing and maintaining long-term relationships with its global clients and partners. SFO Capital Partners applies its global mindset, in-depth sector experience and local knowledge to unlock international real estate investment projects in Europe and the USA across a select range of investment strategies including income-generating, value-add and development schemes. As of June 2023, SFO Capital Partners has acquired a diversified portfolio comprising more than $2.2 billion in assets located primarily in the USA and Europe, including 7,000 apartments and more than 9.6 million square feet of commercial real estate under management.