Atlanta, GA— NALS Apartment Homes is pleased to announce the acquisition of the 232-unit City View Vinings apartments located at 3340 Cumberland Blvd., Atlanta, GA. City View is NALS’s 100th property acquisition, marking a significant milestone in the company’s history.
Recently completed in 2016, City View is a Class A brand-new mid-rise wrap style community offering new generation interior and community amenities. The property is situated in the Vinings/Cumberland submarket, one of Atlanta’s largest employment centers with an abundance of retail, entertainment, and dining. The Atlanta Braves recently relocated in April 2017 from Downtown to the newly constructed SunTrust Park, 2 miles away from the property. Atlanta has a population of 5.8 million, making it the 6th most populous metropolitan area in the U.S. NALS purchased City View Vinings for $54.8 Million on September 7, 2017. It is the seventh multi-family community in the greater Atlanta area to be added to the NALS portfolio.
This luxury community consists of updated one and two-bedroom apartment homes with the average size of 919 Sq. Ft. Residents enjoy stainless steel appliances with side-by-side refrigerators, granite counters in kitchen with under-mount sinks, balconies, full-size washers and dryers, plank flooring in living areas and baths, and nine-foot six-inch ceilings. The community features include an expansive 2-story club room with game room, business and conference center, 2-story fitness center, yoga studio, saltwater pool with fountains and poolside cabanas, outdoor fireplace, bocce court, sky lounge with roll-up door leading to outdoor rooftop deck with city views, garage parking, EV charging stations, and controlled access building.
NALS’s newest community is strategically located on Cumberland Blvd., providing excellent drive-by and immediate access to the I-75/I-285 interchange connecting residents to Atlanta’s largest employment hubs. Residents enjoy a variety of retail, entertainment, restaurants, and recreation within walking distance or less than a mile from the property – Kroger, Costco, Michael Kors, Apple, The Cheesecake Factory, Chipotle, Chik-fil-A, Main Event Entertainment, and AMC theater. Additionally, the Chattahoochee River National Recreation Area is 1-mile from the property. This 48-mile long 10,000-acre chain of parks offers outdoor activities such as hiking, biking, fishing, rafting, kayaking, and more.
The City View Vinings acquisition is the latest for NALS Apartment Homes, which owns 6 additional communities in Georgia and 49 communities across the country. For more information and pictures of City View Vinings, please visit www.CityViewVinings.com
About NALS Apartment Homes
Founded in 1989, NALS Apartment Homes is a fully integrated real estate investment firm engaged in the acquisition, ownership, and management of multifamily apartment communities. NALS owns and manages over 15,000 apartment homes throughout the United States in markets such as Atlanta, Albuquerque, Denver, Phoenix, and Portland, and is headquartered in Santa Barbara, CA. For more information about our company and acquisition preferences, please visit www.nals.com.