Published Date: 09/29/2020
Addison, TX – McDowell Properties has acquired the Shiloh Green apartment complex which is conveniently located in Kennesaw, Georgia, just off I-75, approximately 25 miles northwest of Downtown Atlanta.
The 236-unit complex, which was built in 1996, consists of ten three-story and three/four split-story buildings. The community offers multiple common area amenities including an outdoor saltwater swimming pool, playground, and a clubhouse with fitness center, conference room, and clubroom.
The property’s unit mix includes four different unit types ranging from one-bedroom units that average 900 square feet to four-bedroom units that average 1,650 square feet. Shiloh Green’s large units cater to university students as well as families and young professionals. Located near Kennesaw State University, the property attracts college students and millennials moving from the urban core. Additionally, its strong surrounding schools help attract families.
Shiloh Green is located 1.4 miles away from Kennesaw State University, which is a top-50 largest public institution in the nation and the third largest university in the state of Georgia with over 35,000 students. From 2014-2018, the KSU enrollment grew by over 10,000 students, but the university added just 1,708 beds over the same span. Shiloh Green is well positioned to help fill that gap.
McDowell Properties’ plan for the complex includes a value-add strategy with upgrades to common areas as well as interior renovations including stainless steel appliances and the addition of washers and dryers.