Walton Street JV acquires six Atlanta SFR communities for $113m
Haven Realty Capital, in partnership with an affiliate of Walton Street Capital, has closed on the first phase of a $133.7 million acquisition of six dedicated rental communities (DRC) in the greater Atlanta metro from builder/developer ResiBuilt Homes.
The portfolio will include 537 newly constructed single-family rental (SFR) homes spread across six dedicated rental communities in three counties:Bella View, located in Snellville, Ga. The Reserve, located in Dallas, Ga. Macland Phase 2, located in Dallas, Ga. Trickum Hills, located in Lawrenceville, Ga. Moss Pointe, located in Canton, Ga. Magnolia Trace, located in Holly Springs, Ga.
The initial phase of homes was 100 percent leased upon closing. The remaining homes will be acquired over the coming months following issuance of certificate of occupancy.
The single-family rental homes across the portfolio average 2,200 square feet and consist of th