Peaks Landing was acquired on December 18, 2019. The property is located in the Atlanta, GA-MSA in Conyers, GA. Peaks Landing is a true value add deal where all of the interiors were in original condition (classics) at closing. The operational strategy in-place calls for interior renovations and washer/dryer additions for monthly premiums. Additional value is to be acquired by enhancing the curb appeal, curing deferred maintenance items, revitalizing the amenities, and taking a more hands on approach to management.
The 260-unit property is comprised of 11, three-story apartment buildings built in 2000. Residents have access to amenities such as a resort-style swimming pool, dog park, car care center and fitness center. The property offers one-, two-, and three- bedroom layouts averaging from 856 to 1,270 square feet.
Located 25 miles east from Atlanta, Conyers has the feel of a small town with convenience of being minutes away from a much larger one, which makes it an attractive location for residents of all kinds. There are also plenty of employment options, as well as retail and entertainment options within reach. Major employers in the area include 20th Century Fox Television, Warner Brothers / Bonanza Productions, Diversitech Corporation, Pratt Industries, Hillphoenix, Acuity Lighting Group, Golden State Foods, AT&T, Rockdale Medical Center, Piedmont Rockdale Hospital, and Tempur-Sealy Mattress Company. Conyers benefits from the greater Atlanta MSA’s economic stability and is expected to continue its steady growth as the region continues to attract in-migration and business relocations.
- Dog Park
- Car Care Center
- Athletic Facility
- Outside Storage Space
- Swimming Pool