Zevulon Capital, Inc. has acquired Magnolia Hall, a 48-unit multifamily apartment community at 756 Mimosa Boulevard in Roswell, Georgia, for $6.4 million, or $133,333 per unit.
“We are pleased to enter the Roswell multifamily market with this acquisition, and we look forward to making capital investments to increase its appeal to residents and investors,” said Yossi Kagan, Zevulon Capital Principal.
Situated just off Highway 9 with easy access to Roswell Road, GA-400 and Highway 120, Magnolia Hall is minutes from Downtown Roswell’s shopping and restaurant district, and the Chattahoochee River National Recreation Area. Community residents benefit from proximity to local schools, parks and employment opportunities.
Zevulon plans to optimize the value of the asset by taking over property management and operations, and making targeted interior, exterior and common area investments. The property will be renamed Midwood Roswell under Zevulon’s Midwood community brand.
About Zevulon Capital
Zevulon Capital is a privately held, Atlanta-based real estate investment management firm that acquires and strategically transforms value-add multifamily assets across the southeast. Leveraging extensive market knowledge and industry insights, Zevulon successfully up-positions underperforming communities, creating profitability for investors and elevated living environments for residents. Visit zevcap.com to learn more.