Atlanta, GA – 33 Holdings LLC, a leading global private equity real estate investment firm, announced that it has acquired a community of 33 Foreclosed TownHomes in a 46-Unit Gated Townhome community in Atlanta, GA. The community is located 2 miles west of the newly launched Tyler Perry Studios at Ft McPherson on Campbellton Rd in Atlanta, GA.
“We are always excited about the opportunity to make strategic additions to our portfolio, and this townhome community has a tremendous amount going for it in terms of its location, its access and onsite features,” said Sanjay Raghavaraju, Founder and CEO of 33 Holdings LLC. “Being a Tax Allocation district (TAD), it provides residents easy access to one of the most exciting Re-developments happening in the Fort McPherson/Campbellton Rd area while still giving them a chance to live in luxury away from the hustle and bustle of the big city. All of the pieces are there for this premier but affordable gated townhome community to reach its past glory as envisioned by the previous developer/investor . I’m confident that our experience in this market and our marketing and operational expertise will make that happen.”
This marks 33 Holdings LLC’s 20th Acquisition in the last 9 Months since the launch of its Single Family Residential Fund – 33H Fund II LLC in Q1 2019, it is a $30M Fund targeting South East US Residential Value Add & Opportunistic Asset Acquisitions over the next 3-5 Years. “We are making some very strategic value add acquisitions which are InTown & in the Suburbs, as we hedge against the growing population of Metro Atlanta and provide risk adjusted double digit returns to our investor base. There is more work to do here, as we plan to acquire the remainder of the vacant & foreclosed (13) Units from various banks so we can ensure the community is able to house affordable tenants in this Community” said Corey Oldknow, Chief Acquisitions Officer of 33 Holdings LLC. All units acquired are vacant and require Capital Improvements which 33 Holdings plans to be doing over the next 6 months and stabilize the asset via its fully integrated leasing, management & construction subsidiaries by Q1 2020.
The TownHome Community offers 2 Bed/1.5Bath or 2 Bed/2.5 Bath Homes. The units feature stainless-steel appliances, granite countertops, hardwood flooring in all living areas, large walk-in closets and full-size washers and dryers. The homes also have private Balconies. Community Amenities that 33 Holdings is planning on developing include kids play area & BBQ picnic area along with Gated Community Offering for the needed security/luxury to live close to Downtown & ATL Airport and yet be tucked away.
For more information on 33 Holdings, please visit our website at http://www.33holdings.com
About 33 Holdings LLC & 33 Capital Management LLC :
33 Holdings is a private equity real estate firm based out of Atlanta, Georgia. We operate around the globe with investments and people in North America & Asia. We seek to generate attractive risk-adjusted returns for our investors across cycles and over the long term. Our strategy is to invest in value added & opportunistic real estate investments to return medium-to-high-risk/medium-to-high-returns to our investors.
33 Capital Management., a Capital Management Subsidiary of 33 Holdings LLC raises the needed Debt & Equity Capital from its founders, principals and investor client base. 33 Capital Management’s diverse client base includes High Net Worth, Ultra High Net Worth, Family Offices and private individuals from across the globe sponsoring a complete range of investment vehicles including separate managed accounts, open and closed-end funds, and entity-level real estate & Technology investments. 33 Capital Management LLC will be launching 33H Diversified Residential & Commercial Fund, Opportunity Zone Tax Advantaged Fund in Q4 2019.
Forward Looking Statements and Future Results
This press release may contain forward-looking statements with respect to 33 Holdings LLC, 33 Capital Management LLC & 33 Realty Management LLC. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management’s intentions, beliefs, expectations, research, market analysis, plans or predictions of the future. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. Past performance is not indicative of future results and there can be no assurance that future dividends will be paid.
Contact: 33 Holdings LLC