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Fairfield acquires apartment housing community in Austell, Ga.
Transactions - JANUARY 15, 2025

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Fairfield acquires apartment housing community in Austell, Ga.

by Released

Fairfield has closed on the acquisition of Chroma Park Apartments, a 365-apartment housing community in Austell, Ga. The property contains a mixture of one-, two- and three-bedroom floor plans, and offers residents the conveniences of a luxury community with upgraded finishes and amenities.

“We are excited to acquire another asset in Atlanta, especially in a high barrier to entry submarket with easy access to the area’s top employment centers,” said Bill Revers, senior vice president and director of East Coast acquisitions at Fairfield. Chroma Park is located within one mile of Wellstar Cobb Medical Clinic, which has more than 3,000 employees and offers easy connectivity to greater Atlanta.

“This asset offers an ideal opportunity to complete a successful apartment renovation program, and fits very well with our acquisition parameters,” said Revers. “The community is being purchased at a significant discount to replacement cost in an area with limited new su

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