Fogelman Properties through a joint venture with partner Thackeray has bought the newly rebranded Venue at Carrollton, a community formerly known as Renew at Carrollton.
The final terms were not disclosed.
Fogelman acquired the 111-unit luxury apartment community in Carrollton, Ga., and since has renamed it to align with upcoming renovations and property enhancements.
Built in 1974, Venue at Carrollton offers one-, two- and three-bedroom apartment homes ranging from 900 square feet to 1,200 square feet. The property is currently 96-percent occupied, and Fogelman’s investment plan entails a full renovation of the unit interiors, pool, clubhouse and amenity areas. Monthly rental rates now start at $1,075.
“We’re thrilled to grow our portfolio with Thackeray through the purchase of Venue at Carrollton. The property is in an ideal location with downtown Carrollton, Tanner Medical Center and the University of West Georgia all less than two miles away,”
