298-Unit Newnan Crossing Apartment Development Opens to Public

MIAMI – OCTOBER 2, 2019

Promenade at Newnan Crossing development, a Class-A 298-unit multi-family project is now open to the public.

Located in the metro Atlanta city of Newnan, Georgia, the development— a product of a partnership between PointOne Holdings, Novare Group and Batson-Cook Development Company— inaugurated earlier this month.

The rental properties include one, two and three-bedroom units as well as townhomes with garages. The residences are built on a 24- acre gated community that includes a high-end resident clubroom, state-of-the-art fitness center, resort-style pool, area for outdoor grilling and a dog park.

Promenade at Newnan Crossing is part of Village Square at Newnan Crossing, a 123-acre mixed-use development connecting offices, retail and walking trails at the intersection of Newnan Crossing Boulevard East and Lower Fayetteville Road in Newnan. The community provides residents with a truly walkable, interconnected community containing an exciting mixture of retail, office, restaurant and residential space.

The location also offers direct access to the I-85 interstate corridor as well as convenient access to approximately 1.7 million square feet of grocery, retail and dining and entertainment space including two marquee shopping centers; the Forum at Ashley Park and the Newnan Pavilion.

Newnan is also in close proximity to Atlanta, which ranks tenth in US GDP and top 5 in Fortune 500 headquarters. Further contributing to job growth and economic prosperity, the city has seen the relocation of US headquarters for Mercedes Benz as well as the development of large employment centers for both State Farm and Google.

“An important component of our strategy at PointOne Holdings is to provide our residents high-quality communities, with best-of-market amenities at great value,” said Leo Peicher, Principal at PointOne Holdings. “Newnan Crossing embodies this vision and strategy, and we couldn’t be more proud of the outcome.”

“We are excited to open the doors of Promenade at Newnan Crossing,” said Jim Borders, President and CEO, Novare Group. “It has many homes facing the promenade and others facing wide-open green spaces and public lawns. Unique to this market is the ‘manor-style’ residences, which offer residents direct access to private garages. With other market-leading amenities, our partnership has delivered a community we are proud of for our residents and a great addition to Newnan.”

PointOne Holdings is a real estate investment firm headquartered in South Florida and Atlanta with properties located throughout the Southeastern United States and Texas. The firm owns and manages a diversified portfolio of residential and commercial assets valued in excess of $730 million. PointOne Holdings’ core principles are founded on precise investment selection, thorough due diligence, creative deal structuring, strong financial management and proactive and responsive communication. PointOne Holdings’ principals are seasoned professionals with over 40 years of combined experience who have collectively conducted over $1.9 billion in real estate transactions. For more information visit www.pointoneholdings.com

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