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| Max Peek |
ATLANTA, GA – Waterton, a U.S. real estate investor and
operator, announced the acquisition of Savannah
Midtown, a 322-unit mid-rise rental community in Atlanta’s Midtown
neighborhood.
Located on North Avenue, a
major east-west thoroughfare, the four-building property comprises a mix of
one- and two-bedroom rental homes. Ponce City Market, Fox Theatre and Piedmont
Park are all a mile or less from the community, offering residents a highly
walkable, urban lifestyle.
In addition, Savannah Midtown is minutes from
major employers in and around the neighborhood, including Georgia Tech, Emory
University Hospital and several Fortune 500 companies.
“Midtown consistently
ranks as one of Atlanta’s top neighborhoods for renters due to its walkability
and robust job market, fueled in part by the city’s rapidly growing tech
sector,” said Max Peek, executive vice president of acquisitions at Waterton.
“Companies that don’t
already have a presence here are opening research and development labs at Tech
Square – a five-minute walk from Savannah Midtown – where they can more easily
recruit talent coming out of Georgia Tech. As more businesses move to the
neighborhood, demand for rental housing will only continue to increase.”
For a complete copy of the company’s news release,
please contact:
Abe Tekippe,
atekippe@taylorjohnson.com, (312) 267-4528
Kim Manning,
kmanning@taylorjohnson.com, (312) 267-4527
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