PointOne Holdings breaks ground on a new multifamily development Sugarloaf Grove

MIAMI – OCTOBER 3, 2019

PointOne Holdings, industry leader in multifamily residential real estate investments throughout the Southeast and Texas, continues to tap into a growing demand for rental living.

In partnership with Brand Properties, PointOne Holdings broke ground on the construction of Sugarloaf Grove, a multifamily community in Gwinnett County, a high growth suburb of Metro Atlanta.

The luxury residential community will be a 194-unit garden style complex. The community will include an expansive pool deck with outdoor cabanas, state of the art fitness center, the latest resident-centric technology, and a dog park with dog wash facility. The development now rising at the 1800 block of Duluth Highway will enjoy a traffic count in excess of 35,000 vehicles per day along Duluth Highway and will sit adjacent to a 75,000-square-foot center (tenants include L.A. Fitness and Rite Aid), and directly across the street from the Sugarloaf Mills shopping mall, which provides entertainment, big name clothing stores, and a variety of food retailers.

Upon completion in late 2020, Sugarloaf Grove will be PointOne Holdings’ third apartment community development in the metro area of Atlanta, bringing the company’s total multifamily development portfolio to 1,800 units.

“We are extraordinarily proud to be developing this quality multifamily community with Brand Properties” said Ben Colonomos, PointOne Holdings’ Managing Partner.  “Specially in Gwinnett County, where occupancy rates are high, rents are growing and resident renewals are at record levels.”

Gwinnett County is presently the second largest county in the state of Georgia with an estimated population of 920,260 according to the most recent United States census data. It has led the nine-county Atlanta MSA over the past 46 years in population growth and is projected to continue that trend through 2020.

“We are extraordinarily proud to be developing this quality multifamily community with Brand Properties” said Ben Colonomos, PointOne Holdings’ Managing Partner. “Specially in Gwinnett County, where occupancy rates are high, rents are growing and resident renewals are at record levels.”

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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