PHILADELPHIA, Sept. 17, 2015 /PRNewswire/ -- GoldOller Real Estate Investments announced its acquisition of Bridgewater Apartments and the Preston Creek Apartments, both in metropolitan Atlanta, for $90 million. With these acquisitions, GoldOller expands its Atlanta operation to include eight apartment communities containing more than 2,300 units.
Bridgewater Apartments is a 532 unit resort style community in Duluth, Gwinnett County, Georgia. It enjoys a park-like setting, complete with tennis courts, sand volley ball, play areas, dog parks, a luxurious clubhouse and resort pool. Multiple floorplans include oversized apartments and two story town homes many with attached garages. Gwinnett County is among the fast growing counties in the United States and was recently named one of the 10 best places for job growth by CNN.
Preston Creek a 334 unit, fully gated, community built in 2003 is located on a pristine site in growing McDonough, Henry County, Georgia, just south of Atlanta. Preston Creek offers beautiful interiors, a stylish clubhouse and resort pool. All units feature large patios or balconies, double crown molding, and spacious walk-in closets. McDonough is located along I-75, a booming logistics corridor with easy access to Hartsfield Jackson International Airport, the largest in the country.
According to GoldOller Chairman, Richard Oller, all of GoldOller's Atlanta properties, acquired in the past three years, have exceeded their expectation with superior occupancy averaging 97% and progressive rent growth. "Our success has been attributable both to Atlanta's strong market dynamics and our exceptionally talented Atlanta based management team that consistently sets and achieves new standards for resident satisfaction." Oller said.
Jake Hollinger, GoldOller COO said: "I am very proud to include these exceptional properties in our Atlanta collection and thrilled to bring GoldOller's signature "GO" services to our new residents. It's remarkable that after just a few years, GoldOller has grown to become one of Atlanta's leading apartment operators; a real success story for our residents, employees and our investment partners".
Formed in 2008 by industry veterans Richard Oller and Jeffery Goldstien, GoldOller is an emerging leader in the multi-housing industry and an innovative owner-operator of apartment communities' throughout the United States. GoldOller owns and operates apartment communities in 17 States valued in excess of one billion dollars, containing about 12,000 units,
Multifamily Management Services, a GoldOller affiliate, provides third party management to communities containing about 30,000 units, while other affiliates develop, own, and operate condominium, office, hotel, industrial, and retail assets.
GoldOller corporate offices are at 1608 John F. Kennedy Blvd, Suite 1600, Philadelphia, PA 19103 and at 200 W 57th Street, Suite 702, New York, NY 10019. Regional offices are located in Kansas City, Atlanta, and Orlando
CONTACT: Richard Oller, 267-322-5600, firstname.lastname@example.org
SOURCE GoldOller Real Estate Investments