Adler Realty Investments Acquires Hamilton Crossings
Atlanta, GA (December 23, 2013) – Adler Realty Investments, Inc. (Adler) announced today that they purchased a neighborhood retail center called Hamilton Crossings for $6,725,000. The 84% occupied, two building project was built in 2007 and is located off of interstate 85 in the city of Buford, a growing suburb of Atlanta.
The 48,470 square foot center is anchored by a Dollar Tree store and includes other national tenants including Wells Fargo, H& R Block and Little Caesers. The center benefits from an adjacent high trafficked Chili’s’ restaurant and a nearby Super Walmart store. The project is expected to provide investors with consistent cash flow averaging over 10% per year.
“Georgia is a new market for us and we are excited about the prospects of Hamilton Crossings.” said Michael Adler, president of Adler. “, A good location in a growing area of suburban Atlanta coupled with low rents for the existing tenants should provide our investors with a safe cash flow return with a great opportunity for appreciation.”
About Adler Realty Investments, Inc.
Adler Realty Investments, Inc. is a full-service real estate investment and development firm with over $750 million in acquisitions since inception. ADLER’s real estate portfolio consists of more than 3 million square feet of office, industrial, retail and multi-family residential properties in Texas, California, Colorado, Arizona and now Georgia, as well as vacant land for future development. ADLER’s trademark is its unparalleled ability to identify, analyze, negotiate and close transactions involving many different types of real estate. ADLER has the experience and expertise required to execute management and development strategies to maximize a property’s value in the market.
For more information, please contact Michael Adler at (818) 884-2200 or Chris Engel at (818) 480-5501, or visit www.adler-realty.com. Adler Realty Investments, Inc. is located at 20951 Burbank Blvd. Suite B, Woodland Hills, Calif. 91367.
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