July 1, 2015

PointOne Holdings bought Southwinds Stockbridge Apartments, a 240 unit, garden style, multifamily rental community, for $17.8 million.

The Hollywood, Fla.-based firm reported the property was built in 1993 and renovated in 2007. It is currently 96 percent occupied.

PointOne Holdings will rebrand the community as Southwinds Point. It also plans to invest $1.25 million in capital improvements to the property. The renovation plan includes upgrades to unit interiors, as well as to the leasing and resident centers. It also plans to modernize and add more amenities including a new dog park, outdoor kitchens and fireplaces, new signage and a gazebo with picnic tables and outdoor grilling stations.

PointOne Holdings currently owns and manages a more than $200 million portfolio of residential, commercial and hospitality assets.