Sunday, Apr. 26, 2015    Login | Register           

PTC apartments sold for $9M

The Concord Village apartment complex in south Peachtree City has been sold to an Atlanta-based real estate investment and operating firm.

QR Capital bought the 180-unit complex for $9 million in a recent transaction.

The company plans to conduct a renovation including roof work, amenity improvement and cosmetic fixes such as paint touch-up and landscaping, according to Matthew Hunsicker of QR Capital.

QR Capital also plans to re-market the facility to “improve its performance,” Hunsicker said.

Concord Village is located a short distance south of the intersection of Peachtree Parkway and Crosstown Road.

The current fair market value for the apartments as determined by the county tax appraiser’s office is $6.48 million.

Concord Village initially opened in the mid-90s under the name Peachtree Station, but the name was later changed to Harmony Village.

QR Capital’s management team has been involved in more than $5 billion of commercial real estate transactions.

As operators, the principals of QR Capital have been involved in every aspect of multifamily property acquisition and ownership, including hands-on management of just under 30,000 apartment units and supervision of over $400 million in property construction and renovation.

Topic: 
Location: 

Comments

mudcat's picture
kimberlyinptc's picture
Don Haddix's picture

<cite><strong>Don Haddix
Peachtree City Mayor</strong></cite>

Robert W. Morgan's picture

Live free or die!

Don Haddix's picture

<cite><strong>Don Haddix
Peachtree City Mayor</strong></cite>

kimberlyinptc's picture
NUK_1's picture
kimberlyinptc's picture
mudcat's picture
kimberlyinptc's picture
suggarfoot's picture
mudcat's picture
MajorMike's picture
MajorMike's picture
suggarfoot's picture
Don Haddix's picture

<cite><strong>Don Haddix
Peachtree City Mayor</strong></cite>

Don Haddix's picture

<cite><strong>Don Haddix
Peachtree City Mayor</strong></cite>

NUK_1's picture
DH's picture
Don Haddix's picture

<cite><strong>Don Haddix
Peachtree City Mayor</strong></cite>

Ad space area 4 internal

Government

An April 21 motion by Coweta County Commissioner Rodney Brooks to hire an interim fire chief to replace retiring Coweta County Fire Chief Johnny Teeters seemed simple enough until the motion was pa

Sponsored Content

Opinion

Growing up at 110 Flamingo Street, I learned math many different ways, both in and out of school. When math was just numbers it was easy to understand.

Community

Sports

Tom Pattiz of Peachtree City, a student at The Heritage School, qualified to run in three events at the Georgia Independent Schools Association's state track meet.