LA’s MJW Investments Acquires First Multifamily Community in Atlanta Area
Los Angeles-based MJW Investments has acquired Hidden Lake Apartments, an off-market 320-unit multifamily property on 30 acres in Atlanta’s south Fulton County submarket.
The acquisition marks MJW’s first in Atlanta, and the company intends to expand its area portfolio.
“We’re excited to penetrate the Atlanta market by acquiring a uniquely positioned asset in a submarket expected to see some of the highest rent growth in the entire MSA,” said Mark Weinstein, MJW’s founder and president. “The continued job growth surrounding the asset, coupled with MJW’s value-add strategy, will help position the asset as a preferred rental destination for residents for years to come,”
Garden-style Hidden Lake Apartments features a mix of one-, two- and three-bedroom floorplans averaging 1,012 square feet. MJW considers the property to possess significant room for value-add improvements.
MJW Investments is the majority owner and manager of a real estate portfolio valued at more than $1 billion and consisting of 1,300 units.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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