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| Cumberland Crossing Apartments, Marietta, GA |
Atlanta, GA – Stonemark Management is now managing
Cumberland Crossing Apartments, in Marietta, Ga. 29th Street Capital, which
recently acquired the 286-unit property, appointed Stonemark to manage and
lease the community.
Stonemark will also oversee a capital program to renovate
the interiors, upgrade the amenities and enhance curb appeal.
“We’ve managed several communities for 29SC, and are pleased
they’ve entrusted us with Cumberland Crossing as well,” said Stonemark
President Walt Lamperski.
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| Walt Lamperski |
“We believe that our track record in managing upgrades –
while negotiating with vendors for maximum savings – will enhance 29SC’s
investment in the property reach its potential.
The quiet, gated, pet-friendly community has one-, two-,
three- and four-bedroom apartments. It is located in fast-growing Marietta near
several major employers, SunTrust Park, upscale shopping options and area
universities.
Amenities include a pool, fitness center, business center,
clubhouse, sauna, tennis court and playground. Apartments have fireplaces, full
kitchens, patios or balconies, large closets and more.
“We are excited to continue to grow our partnership with Stonemark
in Atlanta, ” said Javier Bustillo, Senior VP for 29th Street Capital.
“They have outperformed expectations for us consistently and we look forward to
another successful transaction.”
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| Javier Bustillo |
Learn more about
29SC at 29thstreetcapital.com.
About The Stonemark Group
The Stonemark Group focuses on the acquisition, financing,
ownership, management and disposition of multifamily real estate investments in
the Southeastern U.S. and Texas. The group includes Atlanta-based Stonemark
Equities and Stonemark Management.
For more
information, please visit stonemarkmanagementllc.com.
CONTACT
Terri Thornton
Partner, Thornton Communications
Partner, Thornton Communications
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