Source: Militello Capital / #Apartments #Multifamily
ATLANTA, GA - Militello Capital announced its investments in Rosewood Apartments in Cartersville, Georgia and Collier Ridge Apartments in Atlanta, GA.
Militello Capital in partnership with QR Capital has acquired two apartment communities in metropolitan Atlanta. Rosewood Apartments is a 148-unit apartment community located in Cartersville, Georgia. Built in 1991, Rosewood is situated on 9.6 acres and consists of 8 residential buildings. Collier Ridge Apartments, a 300-unit apartment community located on Defoors Ferry Road in Atlanta, Georgia Collier Ridge is situated on 38.8 acres and consists of 49 residential buildings.
“We are pleased to partner with QR on the acquisition of both Rosewood and Collier Ridge," says Bill Militello, CEO and Co-Founder of Militello Capital. “These investments are consistent with our approach to partner with first class real estate operators that have extensive local knowledge, access to off market transactions, and a track record of delivering value to their investors.”
“Militello Capital is a welcome addition to our investment platform,” says Daniel Malino, Vice President of QR Capital. “The principals of Militello are thoughtful in their approach to real estate investment, and we look forward to growing our relationship with them through future transactions.”
QR Capital is headquartered in Atlanta, Georgia and was formed in June 2009 to acquire and operate multi-family projects in the southeastern United States.