LEM Capital acquired a two-property portfolio in the Atlanta metropolitan area. The portfolio consists of 444 units across two properties: Five Oaks Apartments and Hawthorne Gates. LEM plans to execute a comprehensive value-add business plan to upgrade the properties’ interiors, exteriors and amenities. The portfolio was acquired in partnership with a repeat operating partner.
Five Oaks is a 280-unit property built in 2005 and Hawthorne Gates is a 164-unit property built in 1996. The locations of the properties are highly desirable, each offering excellent accessibility to jobs, retail and lifestyle amenities.
Five Oaks is located in the Tucker submarket, situated at the intersection of I-285 and Route 78. Given the accessibility from both an infrastructure and location standpoint, the property is within a 20-minute to 30-minute commute to Midtown, Buckhead and Perimeter Center, the Atlanta metros three largest employment nodes.
Hawthorne Gates is located with
