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.