Advenir Oakley Capital, LLC has closed on 28 acres of land in the rolling foothills of the Appalachian Mountains for a new build-to-rent development. The $65 million project, named LEO at Cartersville, will feature 246 units located less than 40 miles from downtown Atlanta.
Designed by Birmingham-based Nequette Architecture & Design, LEO at Cartersville will offer one-, two-, and three-bedroom cottages with 10 to 15 foot ceilings and wood grain tile flooring throughout. Interiors also boast stainless steel appliances, washers and dryers as well as smart home technology with optional private back yards or garage parking available for residents’ convenience. Additionally 24/7 on call maintenance is provided for all tenants’ needs. Birmingham based Capstone Building Corp is serving as general contractor with ground breaking scheduled for June 2021 and completion expected by August 2025 .
Carl Lutjens of Southland Engineering Inc contributed greatly to the due diligence process while Alex Phillips from Cushman Wakefield’s Multifamily Advisory Group brokered the transaction between buyer and seller parties involved in this venture .
