CREC Real Estate Acquires Atlanta Multifamily Community.

MANews-(C)2009-2021

Ohio, US-based commercial real estate investor CREC Real Estate, LLC has partnered with McDowell Properties to acquire 264-unit multifamily community in the Atlanta area, the company said.

Terms of the transaction were not disclosed.

CREC and McDowell intend to make value-add improvements, similar in scale to those completed at nearby properties, including amenity upgrades, common-area beautification, and unit-interior remodels.

The interior improvements will involve upgrades such as stainless-steel appliances, washer and dryer installations, and new cabinets.

CREC Real Estate, LLC is a...

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