PointOne Holdings, a leading real estate investment firm, is proud to announce the sale of SODO Apartments, a 256-unit multifamily commununity for $81 million.
SODO Apartments is located in Metro Atlanta’s city of Duluth in Gwinnett county and is conveniently located within walking distance of the heart of Downtown Duluth.
The luxury community includes a massive clubhouse and fully-equipped fitness center, resort-inspired pool with an expansive pool deck featuring lounge chairs, pergolas and grilling areas, a large co-working center including a cybercafé, a dog park and pet spa. The units feature high-end finishes such as stone counter tops throughout, designer cabinetry, stainless steel appliances, and hardwood style flooring.
SODO Apartments set a new standard of high-quality living in Duluth, offering residents a dense suburban environment with restaurants, coffee shops, and parks.
“We are very proud of the successful execution of SODO, where we achieved a product of the highest quality that set records for rentals in the area, ultimately resulting in a record-breaking sales price,” stated Leo Peicher, founding director and managing partner of PointOne Holdings.
“SODO has quickly become Downtown Duluth’s most significant new multifamily development,” stated Ben Colonomos, founding director and managing partner of PointOne Holdings. “We are proud to deliver an exemplary new community to our residents while generating remarkable returns to our investors, even in the face of challenging conditions in the capital markets.”