Crestmark Apartments is a 334-unit, garden-style, class-B multifamily apartment rental community. The complex is located in Metro Atlanta’s city of Lithia Springs minutes from downtown, the Hartsfield-Jackson International Airport and some of the region’s predominate economic drivers and features drive-by exposure to more than 60,000 vehicles per day on Thornton Road. Crestmark Apartments was built in two phases 1993 and 1997.

Crestmark Apartments’ amenities include two pools, resort style clubhouse and business center, state-of-the-art fitness center, outdoor kitchens, sports court, children’s playground, and a walking trail. The property’s well-designed apartment units average a spacious 1,079 square feet and feature fully equipped kitchens, ceiling fans, garden tubs, laundry/utility room with washer/dryer connections, patio/balcony, bay windows and walk-in closets.

PointOne holdings invested $1.4 million in capital improvements to the property. The renovation included major upgrades to unit interiors, improvement to the property’s curb appeal and an expansion of the amenity package by adding a children’s playground, a dog park, and outdoor BBQ grills to the second pool area.

PointOne Holdings assumed an existing Freddie Mac loan and contemporaneously obtained a supplemental loan from Freddie Mac to complete the acquisition. This property has been sold.