Plantation, FL – June, 7th 2013

PointOne Holdings is pleased to announce the purchase of Lakefront Vista Apartments, a 222-unit garden style apartment community located in highly desirable Marietta, Georgia (Cobb County). This is PointOne Holdings’ third Atlanta-based multifamily acquisition over the past year.

Lakefront Vista is a fundamentally sound asset generating strong in-place cash flow, in a solid infill location.  Our plan is to invest in excess of $700,000 in capital improvements featuring upgrades to unit interiors, adding amenities, and improving curb appeal, ultimately focusing on enhancing the Property’s value and increasing occupancy to market levels.

The sponsors of POH assumed a Freddie Mac loan with a historically low 3.8% interest rate.  PointOne Holdings is actively pursuing other multi-family properties throughout the Southeastern U.S.

Commenting on the latest acquisition, David Garfinkle, a managing member of PointOne Holdings said: “Lakefront Vista presents us with a fantastic opportunity to expand into Cobb County with a high quality property with fantastic upside potential.  We are thrilled with this acquisition and are already hard at work upgrading the property.”

Craig Sternberg, a managing member of PointOne Holdings, added, “Given that residential development in Metro Atlanta has not picked up significantly to meet the high demand for rental properties, the purchase of multi-family complexes like Lakefront Vista are attractive additions to our investment portfolio.”

“The addition of this Cobb County property to our portfolio is indicative of the strong residential real estate market uptick we are seeing throughout the Metro Atlanta area,” said managing member Ben Colonomos.

Managing member Leo Peicher commented, “We continue to search for value-add properties like this one in Atlanta and across the Southeast.”

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