Hollywood – October 18, 2018

PointOne Holdings is pleased to announce the sale of Hampton Point Apartments, a 276-unit garden-style multifamily apartment community located in Metro Atlanta’s city of McDonough. The property, which was acquired on January 2016 sold on October 11th, 2018 – Generating a return of 98 percent of the total equity invested in less than three years.

“Hampton Point is an excellent example of a successful execution by PointOne Holdings,” said Ben Colonomos, PointOne Holdings’ Managing Partner. “In addition to turning this challenged property into a vibrant and safe community for its residents, the results from the sale exceeded all financial projections and expectations set in the original investor offering.”

During the period in which PointOne Holdings owned and operated the property, occupancy increased from 90 to 99 percent and average effective rents increased by 22 percent from $747 to $912 per unit per month. PointOne Holdings drove the property’s quarterly net operating income from $310,000 to $416,000, a 36 percent increase!

“We are extremely proud to have successfully created value for our investors by implementing a capital improvement program and executing on a strategic lease-up program while, at the same time, building a strong sense of community for the property’s residents” said Leo Peicher, PointOne Holdings’ Managing Partner.