SFO completes the acquisition of a multifamily townhome community comprised of 492 units in Atlanta
SFO has completed the acquisition of a multifamily townhome community comprised of 492 residential units located in Atlanta.
Developed in 2005, the property is located at close proximity to Atlanta’s airport, one of the world’s busiest airports and the largest employer in the city. It is also strategically situated less than a mile away from an 800,000sqft mega retail and logistics center that acts as a key demand generator for the property.
Commenting on the transaction, Mohamad Abouchalbak, CEO of SFO, said: “The US multifamily sector is going through a solid run fueled by favorable demographics, record-low home ownership and decreasing unemployment rates. We are particularly excited about Atlanta, home to 16 of the Fortune 500 companies in the USA, as it continues to assert its position as the economic powerhouse of the Southeast.
This represents SFO’s next sizeable acquisition in the multifamily market as we continue to deliver on our strategy of expanding our residential platform in the USA.”
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.