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DeVanDylan Passes 500-Unit Acquisition Mark with Forest Park Deal
Raleigh-based DeVanDylan Capital Partners LLC (DVD), a value-add multifamily investor and operator focused on assets in the Southeast region, acquired the Willow Park Apartments complex in Forest Park, GA for $10.3 million. It represents the 525th unit purchased by the emerging firm.
“This transaction, in line with our growing track-record, represents an opportunity to take a hands-on approach to enhancing this property through meticulous asset management, data-driven leasing strategies and thoughtful physical re-envisioning of the apartment complex,” said Steve P. Morrows, DVD’s founder and CEO.
Located at 1466 Rockcut Rd., the Willow Creek complex is comprised of 108 units in 14 buildings on approximately 10 acres of park-like property just south of Atlanta and three miles from Atlanta’s Hartsfield Jackson International Airport. DVD has completed 11 multifamily acquisitions in the past seven years, with a combined estimated market value exceeding $50 million.
