Viking Capital Announces New Investment Opportunity in Atlanta

This is the 28th acquisition

ATLANTA, GA / ACCESSWIRE / July 1, 2024 / Viking Capital is pleased to announce its latest multifamily investment opportunity, Avondale Hills. This 240-unit Class A asset built in 2023 is strategically located just outside of Atlanta, offering significant upside potential with below-market rents and premium amenities. Investors can expect immediate rent increases of $200 to align with the market, boosting the property’s appeal.

The acquisition of Avondale Hills off-market and at a $20 million discount significantly enhances its investment appeal. The property’s strong cost base ensures long-term financial stability and attractive returns. The property’s new, modern construction, millennial-friendly design and strong submarket fundamentals minimize risk, making it a safe and lucrative investment.

Avondale Hills is conveniently located directly across from a MARTA transit station, making it perfect for affluent renters who choose to live outside the city due to rising real estate prices. This prime location offers residents the benefit of lower rents while maintaining easy access to nearby employers and major technology companies, just a 20-minute drive away.

On the “road to progress,” Avondale Hills benefits from strong economic drivers, an influx of Fortune 500 companies and luxury shopping centers, providing excellent access to diverse employment opportunities. With more than 2,000 units in Atlanta, Viking Capital leverages economies of scale to drive operational efficiencies and organic growth, including the opportunity to exit the market to an institutional investor at a premium price.

To get a first look at our latest investment offering, join our live webinar and Q&A session on July 9 at 7 p.m. ET.

For more information about Avondale Hills and Viking Capital’s investment opportunities, visit https://www.vikingcapitalinvestments.com/avondale-hills.

Contact details

Ashley Penrod
Marketing Director
(email protected)
2088599720

SOURCE: Viking Capital

View the original press release at newswire.com.