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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