PointOne Holdings Sells Its Single Family Homes Portfolio

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.”

About PointOne Holdings:
PointOne Holdings is a real estate investment company based in Plantation, Florida with additional offices located in Atlanta, Georgia. The Company was founded in 2010 by Managing Members Ben Colonomos, David Lewin, and Leo Peicher. In 2012, POH formed a strategic joint venture with Biscayne Atlantic to acquire and manage income producing and value add properties throughout the Southeastern US. The management team is comprised of highly skilled and experienced real estate operators and entrepreneurs. The group has a strong local presence and deep understanding of the Atlanta commercial real estate market, as evidenced by their acquisition and management of more than 2 million square feet of income producing residential properties since 2010. PointOne Holdings presently owns and manages a diversified portfolio of residential, commercial and hospitality assets with a value of over $100 million.

 

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