Colony Hills Capital Acquires Georgia Property
WILBRAHAM — Colony Hills Capital (CHC), a real estate investment management firm based in Wilbraham, has completed the acquisition of Pointe South Apartments located in Jonesboro, Ga.
It is Colony’s second acquisition in the Atlanta area. Colony has renamed the community Canterbury Townhome Apartments and will invest significant capital to upgrade the common area facilities and the interiors of the apartments.
Canterbury was built in 1996 and contains 160 apartment homes.
According to Colony’s President, David Kaufman, this acquisition represents a wonderful opportunity to take a tired, undermanaged asset and reinvigorate it with strategically placed capital investments, and best-in-class property management.
Colony Hills Capital was founded in 2008 by Glenn Hanson. Since then, it has established itself as a leader in sourcing, structuring, and closing off-market multi-family transactions worth nearly $500 million.