Western Wealth Capital Acquires Aster Buckhead Apartment Homes in Atlanta, Georgia
December 16, 2021
Western Wealth Capital Acquires Aster Buckhead Apartment Homes in Atlanta, Georgia
North Vancouver, Canada (December 16th, 2021) – Western Wealth Capital (WWC) announces the closing of its 113th multifamily real estate acquisition – Aster Buckhead Apartment Homes in Atlanta, Georgia. This is Western Wealth Capital’s 6th multifamily acquisition in the Atlanta metropolitan area.
WWC and its investment partners closed on the 224-unit multifamily apartment community of Aster Buckhead Apartment Homes, originally constructed in 1999. This Atlanta-area deal further solidifies WWC’s footprint in the U.S. multifamily housing market and follows WWC’s disciplined investment criteria.
Aster Buckhead is located in Buckhead – a vibrant neighbourhood known for its tree-lined streets, remarkable architecture, fashion, dining, and nightlife. The submarket features 90,000 jobs and boasts 24 million square feet of office space. Midtown Atlanta is 20-minutes from Aster Buckhead with 95,000 jobs and 23 million square feet of office space. Major employers in Buckhead include Bank of America, Salesforce, and J.P. Morgan.
This property is a prime candidate for WWC’s repeatable value-add program, including exterior and interior renovations, most units have washer/dryer connections ready to be activated with machines.
“Throughout 2021 the Atlanta multifamily investment market has performed exceptionally well and remains one of our preferred investment locations,” says Ashley O’Neill, Vice President, Capital Markets at WWC. “Steady employment increases, specifically in the Tech industry have driven demand for renters which has resulted in outstanding lease-over-lease rent increases. We are thrilled to offer investors the opportunity to invest in this growing multifamily market.”
This deal was brokered by Kevin Geiger and Paul Berry of CBRE
WWC has acquired 113 multifamily rental buildings, representing $3 billion in acquisitions. The company’s current portfolio of assets under management includes 61 multifamily rental buildings totalling more than 16,000 units.
About Western Wealth Capital
WWC has developed a proven system for investing in multifamily properties in key real estate markets across the U.S. WWC offers investment partners the opportunity to invest in properties with substantial value-add opportunities. Since its inception, WWC has successfully completed more than $4 billion in real estate transactions representing more than 26,000 total units.
WWC’s vision is to build wealth for their investment partners with industry-leading returns. A people-first approach promotes excellence at every point; with highly efficient operations and a true commitment to our communities.
Contact Us
Media and photo requests:
Alex Collins
alex@westernwealthcapital.com
For more information:
604.260.4789
info@westernwealthcapital.com
www.westernwealthcapital.com
No securities commission or similar regulatory authority has reviewed this content. In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that Western Wealth Capital will achieve comparable results. This press release includes forward-looking statements. All statements other than statements of historical facts included in this document, including, without limitation, statements regarding the future financial position, targeted or projected investment returns and business strategy are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “forecasted,” “projected,” “estimate,” “anticipate,” “believe,” or “continue” or the negative usages thereof or variations thereon or similar terms. Forward-looking statements reflect our current expectations and assumptions as of the date of the statements, and are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking statements. Although we believe that the assumptions on which the forward-looking statements are made are reasonable, based on the information available to it on the date such statements were made, no assurances can be given as to whether these assumptions will prove to be correct. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained are expressly qualified in their entirety by this cautionary statement. No representation or warranty is made to the accuracy or completeness of any of the information contained herein.
