FOR IMMEDIATE RELEASE
33 HOLDINGS ACQUIRES PORTFOLIO OF 28 SINGLE FAMILY HOMES
Homes to be brought to market rent and held in long-term rental Portfolio
(Atlanta, Georgia: September 16, 2020) – 33 Holdings acquires a portfolio of 28 single-family stabilized rental homes from a private owner. This portfolio consists of single-family homes that are 100% rented and stabilized. A portion of the properties will be need minor renovation and brought to market rent and held in 33 Holdings long term rental portfolio.
Majority of the homes are located close to the City of Woodstock, GA which is one of the fastest growing cities in Georgia. The homes average 1695 Sq. Ft and have 3 Beds & 2 Baths at min and are built Mid-1980’s. All are located within a 0.5 Mile radius of each other and are in close proximity to downtown Woodstock, Interstate 575 & Hwy 92. Most of the tenants are long term tenants who will continue to stay, while the homes are managed by 33 Realty Management LLC – which is a subsidiary of 33 Holdings LLC which leases, manages Residential & Commercial Assets for 33 Holdings & other third party clients.
33 Holdings is one of the fastest growing private equity real estate investment companies in the southeast. The company is uniquely positioned within the marketplace because of its fully vertically integrated real estate platform encompassing acquisition/building, rehabilitation/renovation, and leasing/management. 33 Holdings is focussed on Build 2 Rent & Fix 2 Rent SFR portfolios with focus in the South East Region.
Sanjay Raghavaraju, Founder and CEO of 33 Holdings said “This portfolio of single family homes complements our existing Atlanta footprint very nicely. The homes were renovated to our high standards, and we are pleased with the in-place resident base and also the location of these homes close to City Of Woodstock, GA.”
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