Kairos Investment Management Co. Acquires 238-Unit Affordable Multifamily Property in Austell, GA for $35 Million

Walton Crossing, 1820 Mulkey Road, Austell, GA

 

AUSTELL, GA – Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has acquired Walton Crossing, a 238-unit affordable multifamily community in the Atlanta metropolitan area of Austell, Georgia.

Kairos purchased the property at 1820 Mulkey Road from the seller, an affordable housing developer located in the same area, for $34.6 million.

Carl Chang

"We have seen the demand for high-quality, affordable housing outpace available supply throughout the country, especially in markets that attract renters due to job availability and lifestyle,” says Carl Chang, CEO and Founder of Kairos.

“As a company that actively takes a proactive approach to asset management, our team is adept at identifying properties that can benefit from our value-add strategy and enhance the lifestyle of present and future renters.”

Jonathan Needell

Built in 1990, Walton Crossing is nestled in the desirable Austell submarket of Atlanta and situated on 20.07 acres.

“Walton Crossing is a valuable cash-flowing asset in our portfolio, as its proximity to major medical centers and large-scale employers in a rapidly growing city positions it for stable long-term growth,” says Jonathan Needell, President and CIO of Kairos.

 

 

CONTACTS:

 

Arleeny Escarcega / Lexi Astfalk

The Smart Agency, Inc.

(949) 438-6262
aescarcega@thesmartagency.com

 www.kimc.com.