Western Wealth Capital Acquires Winters Creek Apartment Homes in Doraville, Georgia
October 6, 2021
Western Wealth Capital Acquires Winters Creek Apartment Homes in Doraville, Georgia
North Vancouver, Canada (October 6th, 2021) – Western Wealth Capital (WWC) announces the closing of its 107th multifamily real estate acquisition – Winters Creek Apartment Homes in Doraville, Georgia. This is Western Wealth Capital’s fifth multifamily acquisition in the Atlanta Metro area.
WWC and its investment partners closed on the 200-unit multifamily apartment community of Winters Creek Apartment Homes, originally constructed in 1983. This Atlanta-area deal further solidifies WWC’s footprint in the U.S. multifamily housing market and follows WWC’s disciplined investment criteria.
Winters Creek is in Doraville, which is dominated by the I-85 North Corridor – the largest industrial corridor in Atlanta with 163 million square feet of industrial warehouse and distribution center space. Major employers in the area include Amazon, UPS, and FedEx. 8-minutes northwest of Winters Creek is the Atlanta Technology Park with over 100 technology offices. This property is a prime candidate for WWC’s repeatable value-add program, including exterior and interior renovations, and most units have washer/dryer connections ready to be activated with machines.
“The Atlanta multifamily market has performed exceptionally well,” says Len Bravo, Director of Acquisitions and Asset Management at WWC. “Steady population and employment increases have driven renter demand which has resulted in outstanding lease over lease rent increases. WWC prides itself in making significant capital investments into each community it purchases which drives value for years to come. We are thrilled to offer investors a fifth opportunity to invest in this growing multifamily market.”
WWC has acquired 107 multifamily rental buildings, representing $3.8 billion in acquisitions. The company’s current portfolio of assets under management includes 59 multifamily rental buildings totalling more than 15,000 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 $3 billion in real estate transactions, including acquiring 104 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.
