Viking Capital adds acquisition of 368-Unit Marbella Place in Stockbridge to its portfolio.
Viking Capital, a leading commercial real estate syndication firm, announces the acquisition of Marbella Place, a 368-unit apartment community in Stockbridge, Georgia, within metro Atlanta.
“With the acquisition of Marbella Place, Viking Capital adds to its portfolio a well-maintained property near the South Atlanta industrial submarket, one of the fastest growing industrial corridors in the nation,” said Vikram Raya, CEO of Viking Capital.
“With a significant portion of the rent roll positioned at below market,” described Raya, “Viking Capital can operate efficiently, upgrade select amenities and unit interiors, bring rents in line with the overall market and take advantage of the surging growth in Stockbridge and Henry County.”
Marbella Place was completed in 1999, and the seller fully renovated all unit interiors in 2017. The 351,640 square foot complex features a resort-style pool, two playgrounds, a newly redesigned clubhouse and detached garages.
Since its 2015 inception, Viking Capital has helped thousands of physicians and busy professionals to invest passively in commercial real estate syndications around the country. Viking Capital focuses on value-add multifamily and currently owns and operates over 4,000 units worth over $500 million across Texas, the Southeast and the Mid-Atlantic.
(Press Release from PR Newswire, SOURCE Viking Capital)