Olympus Property announces acquisition of Steeplechase Apartments in Knoxville, TN
KNOXVILLE, Tenn. and SAN FRANCISCO, Jan. 21, 2014 /PRNewswire/ -- Olympus Property announces the acquisition of Steeplechase Apartments in Knoxville, TN. Steeplechase is comprised of 450 units and situated on 47 acres of rolling hills. The property features unique floor plans, including townhome styles with fireplaces, pass through serving bars, and two beautiful swimming pools.
This acquisition comes directly after the purchase of two properties in December 2013: Sandshell at Fossill Creek in Fort Worth Texas, 10 acres of luxury property that includes 252 units of garden-style living, and Odyssey Lake Apartments in Brunswick, GA, a Class "A" apartment community on 33 acres of property.
Steeplechase Apartments is the third property to be added to Olympus' most recent fund, WW Multifamily Properties. The opportunity is available for new investors immediately and offers an attractive return with an experienced owner/operator.
Co-founder, Anthony Wonderly states, "We are excited to be expanding into another market in Tennessee. We are confident with our planned multi-million dollar renovation, that we will move Steeplechase into one of the premier properties in Knoxville."
Olympus Property, founded in 1992, is a fully integrated Real Estate Investment Firm, which is focused on acquisition, management, and timely disposition of quality multi-family communities. The firm has over 25 predecessor partnerships and currently holds in excess of 7,000 units under management. The current geographic target markets are primarily in the south, southwest, and southeast areas of the United States.
To find out more about this exciting investment opportunity, please contact Braden Barr at 415-689-5855 or at Braden.Barr@OlympusProperty.com.
SOURCE OLYMPUS PROPERTY