Waterton Associates purchases Two Blocks Apartments in Atlanta, GA.

     Waterton Associates purchases Two Blocks Apartments in Atlanta, GA.

PR Newswire

CHICAGO, Nov. 29, 2012

CHICAGO, Nov. 29, 2012 /PRNewswire/ -- Waterton Associates is pleased to
announce the recent acquisition of Two Blocks Apartments, a 400-unit community
located in Atlanta, GA. Two Blocks is the seventh asset purchased by Waterton
this year.

(Photo: http://photos.prnewswire.com/prnh/20121129/CG21248)

Constructed in 2008 by Pollock Shores Real Estate Group, the development
features 5 mid-rise buildings, 2 mid-rise parking decks, and includes 400
apartments consisting of one and two bedroom garden and loft style units. The
property, located in the Chamblee Dunwoody area of Atlanta, offers close
proximity to I-285, GA 400, I75 and I85. The property's location to major
roadways provides residents convenient access to virtually all of metro
Atlanta's major employment centers including the Perimeter area, home of the
largest concentration of medical space in the metro Atlanta. St. Joseph's,
Children's Scottish Rite, and Northside Hospitals are all within minutes of
the property.

"Waterton is pleased with the acquisition of Two Blocks Apartments and we are
excited to add another community to our growing Atlanta portfolio," states Max
Peek, Senior VP of Acquisitions, Waterton Associates. "The community is a
well-located, well-built asset that offers tremendous value to our customers."

In addition to the employment drivers, residents have access to major retail
amenities in the area such as Perimeter Mall, a 1.5 million square foot
shopping center anchored by high end retailers such as Nordstrom's, Macy's,
and Dillard's, just one mile west of the property. The mall serves as the
anchor to the 28 million square foot Perimeter office market, the largest
office submarket in Atlanta, a major hub for Fortune 500 company headquarters
including UPS, Newell Rubbermaid, and Cox Communications. Two Blocks is eight
miles east of the Cumberland/Galleria office market, six miles north of the
Buckhead office market, and ten miles north of the midtown and downtown office
markets. Residents enjoy a host of amenities and features including a two
story clubhouse with billiards room, media room, internet cafe, and conference
room, fitness center, swimming pool, and relaxing Zen garden. Unit features
include full sized washers and dryers, Stainless steel appliances, designer
finishes, 9 foot ceilings, and private patio or balcony.

Waterton closed the Two Block Apartments transaction October 26, 2012.

About Waterton Associates:
Chicago-based Waterton Associates, one of the leading multifamily companies in
the nation, is focused on the acquisition of apartment communities in multiple
markets to which it can add value through repositioning and renovation. With
over 19,000 apartment homes the Waterton brand signifies exceptional living
experiences, a sense of community, and home. Waterton employs approximately
500 associates who are committed to achieving the Waterton vision to be THE
leader in the multifamily industry. For more information, please visit
www.watertonassociates.com.

SOURCE Waterton Associates

Contact: Virginia Love, +1-404-937-2061, vlove@wallc.com
 
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