Renew at Carrollton repositioned as Venue at Carrollton under Fogelman management
ATLANTA, May 6, 2022: Fogelman Properties (Fogelman), one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of the newly rebranded Venue at Carrollton, a community formerly known as Renew at Carrollton. Fogelman acquired the 111-unit luxury apartment community in Carrollton, Georgia and has since renamed it to align with upcoming renovations and property enhancements.
Built in 1974, Venue at Carrollton offers one, two and three-bedroom apartment homes ranging from 900 to 1,200 square feet. The property is currently 96% occupied, and Fogelman’s investment plan entails a full renovation of the unit interiors, pool, clubhouse and amenity areas. Monthly rental rates currently start at $1,075.
“We’re thrilled to grow our portfolio with Thackeray through the purchase of Venue at Carrollton. The property is in an ideal location with downtown Carrollton, Tanner Medical Center and the University of West Georgia all less than two miles away,” says Mike Aiken, SVP of Investments at Fogelman. “This Atlanta submarket remains one of our strongest and we look forward to further expanding our footprint in the area.”
Fogelman acquired Venue at Carrollton through a joint venture with partner Thackeray. Together, the Fogelman and Thackeray partnership has acquired 15 multifamily communities totaling more than 3,600 units throughout the Southeast.
Headquartered in Memphis since 1963, Fogelman Properties now manages 96 multifamily communities across the Southeast and Sun Belt regions. The company has grown from a local family-owned business to a leader in the multifamily industry, overseeing more than $5B in asset value. Fogelman and its investment partners aim to acquire $300M+ in multifamily assets in 2022.
For more information about the community, visit www.venueatcarrollton.com