Zevulon Capital, Inc. has purchased Windwood Apartments, a 200-unit multifamily property at 6970 Shenandoah Trail in Austell, Georgia for $14 million, or $70,000 per unit. The Windwood Apartments community will undergo a comprehensive renovation and repositioning that includes rebranding as Midwood Pines.
Windwood is located just west of Atlanta, a few minutes from the major I-20 commuter highway as well as Six Flags Over Georgia theme park, Sweetwater Creek State Park nature preserve and Hartsfield-Jackson Atlanta International Airport.
The multifamily community offers sizable 1-and 2-bedroom floorplans, a laundry facility, swimming pool, playground and a business center. Some units have walk-in closets and private patios.
Zevulon’s repositioning plan includes exterior improvements to balconies, walkways, and common areas. Interior unit renovations include upgrading cabinets and countertops and installing new flooring and appliances. The complex will be renamed Midwood Pines under Zevulon’s Midwood community brand.
“We will work diligently to make valuable upgrades to Midwood Pines to create a more comfortable and modern community for residents and a higher-performing asset for our investors,” said Zevulon Principal Yossi Kagan.
Windwood Apartments is Zevulon’s third multifamily acquisition in 2021. The company purchased Sterling Riverside, a 232-unit community in Austell, in March and Magnolia Hall, a 48-unit property in Roswell, Georgia, in January. Zevulon’s multifamily real estate investment portfolio encompasses 14 properties and 1,212 units.
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.