Atlanta, Georgia – July 09, 2013
PointOne Holdings (“POH”), a Real Estate Investment Group located in the Southeast, is pleased to announce the sale of its portfolio of 225 single family homes located in Atlanta Georgia to an institutional investment group. PointOne holdings has successfully owned and operated these properties since 2011. The properties were acquired via auctions, distressed sellers and numerous lenders.
“The portfolio of single family homes included in this sale are solid Class B properties located in great neighborhoods throughout Metro Atlanta,” commented Ben Colonomos, one of PointOne Holdings’ Managing Members. “As part of our acquisition criteria, we always looked for vibrant areas with residents who demonstrated a connection with their communities and a strong pride of ownership in their homes. We kept our eye on our several disciplines including asset acquisition, rehabs and management of the assets.” The typical property configuration in the portfolio is 3 bedroom, 2 bathroom averaging 1,500 square feet of living space.
According to Managing Member David Lewin: “From the very beginning we saw an enormous opportunity in this space and decided to pursue it. We are proud that the outcome has been very positive for our investors. As a group, we remain very optimistic about Atlanta’s positive trend and continue to seek value-add investment opportunities in the multifamily and single family residential space as well as commercial opportunities in the Metro Atlanta market.”
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