Western Wealth Capital Acquires BelAire Apartments in Atlanta, GA
July 19, 2021
Western Wealth Capital Completes their 100th Multifamily Real Estate Investment, BelAire Apartment Homes in Atlanta, Georgia.
North Vancouver, Canada (July 19, 2021) – Western Wealth Capital (WWC), a growth-oriented real estate investment company, announces the closing of its fourth Atlanta-area real estate deal, continuing their robust growth in select U.S. multifamily housing markets.
WWC and its investment partners closed on the 188 multifamily apartment community of BelAire Apartment Homes, originally constructed in 1987, on July 13, 2021. This Atlanta-area deal further solidifies WWC’s footprint in the U.S. multifamily housing market and follows WWC’s disciplined investment criteria. BelAire is WWC’s 100th acquisition since its founding in 2014.
BelAire Apartment Homes is located in Marietta, one of Georgia’s most populous cities. The property is 24 minutes northwest of downtown Atlanta and is nearby to Dobbins Air Force Base and Lockheed Martin employing over 10,000 people. The nearby ‘Platinum Triangle’ offers over 15 million square feet of office and retail space and is easily accessible along Interstate-75 making this an ideal area for WWC’s real estate investments. This property is a prime candidate for WWC’s repeatable value-add program, including interior renovations as many of the units retain their original finishes from nearly 35 years ago.
“The Atlanta Metro rental market has performed exceptionally well” says Len Bravo, Director of Acquisitions and Asset Management at WWC. “Every asset in our Atlanta portfolio has seen outstanding lease over lease rent increases and employment and population numbers are on the rise. We are thrilled to offer investors a fourth opportunity to invest in this growing multifamily market.”
WWC has acquired 100 multifamily rental buildings, representing $2.4 billion in acquisitions, and a total transactional value of over $3 billion. The company’s current portfolio of assets under management, includes 58 multifamily rental buildings totaling more than 15,500 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 $3 billion in real estate transactions, including acquiring 100 multifamily rental buildings representing more than 23,000 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
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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.
