Multifamily Repositioning Project
Nimes and its partners acquired a 219-unit multifamily asset in a suburb of Atlanta, GA. The asset was fully occupied but prior ownership had not renovated and kept rents well below market levels. Nimes renovated the units and updated all common areas and amenities which allowed rents at the property to be brought up to market levels. The asset was sold in 2018 after effectuating the business plan.