Royal Woods is part of the eight-building multi-tenant portfolio in Atlanta, Georgia, which was aggregated over a three-year period and consisted of four buildings totaling 304,000 SF. The average occupancy was 59 percent at acquisition. Repositioning of each property involved substantial interior and exterior upgrades and leasing effort. One of the assets (Westridge) was rehabbed, leased and sold in Q2 of 2018 and the balance of the portfolio (551,687 SF) was packaged and sold in Q4 of 2018, at 94 percent occupancy.

Location
Royal Woods
Atlanta, GA
Industrial | Realized
Asset Summary
- Acquisition Date:
- Q1 2017
- Size:
- 304,000 SQ FT
- Property Type:
- Industrial
- Deal Profile:
- Fund II, Acquisition
- Investment Profile:
- Value-Add
- Deal Source:
- On Market