33 Holdings LLC, a private equity real estate company announced today that it recently closed on 18 Single Family Rental (SFR) distressed portfolio located at Gwinnett county in the Atlanta Metro Area. This is 33 Holdings LLC’s 1st Acquisition into its recently created capital fund structure “33H Diversified Fund V LLC” and raising equity & debt capital investing into Residential & Commercial assets into South East USA markets.
The 18 SFR portfolio was bought in an owner estate sale at 60% of the market value. These assets were all income producing assets that have tenants who are paying 35% below market rents and the houses require rehab/upgrade to bring the homes to market rent. 33 Holdings, is projecting post-stabilization they will be at 75% of the market value. The portfolio averages 1,555 Sq. Ft, 3 Bed, 2 Bath with average rent increase of 35% with year built averaging in the 80’s.
33 Holdings, LLC currently owns and manages 100+ single family & town homes in the Atlanta area and are in the process of expanding into secondary & territory markets in South East USA. 33 has been bullish about the growth in the Atlanta real estate market in residential & commercial assets and has built the platform to acquire, rehab/build and manage income producing assets to help create the returns for itself and its investors. Lately, 33 is focused on Build to Rent (B2R) & Fix to Rent (F2R) communities that should be coming into the market Q2 & Q3 2020.
33 Holdings, LLC is a private equity real estate investment company based out of Atlanta, Georgia. We are vertically integrated company with Brokerage, Asset Management & Construction subsidiaries to help us create the needed value add to our portfolio holdings. 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/returns to our investors.
To learn more about the 33 Group of companies, Please visit us at
http://www.33holdings.com (Investment & Development Holdings)
http://www.33realtymanagement.com (Brokerage & Asset Management)