SAR Apartment has acquired a 4million dollar 84 units multi-family complex in Atlanta, Georgia. This is a 1970’s property with huge potential, located in a upcoming area just in front of a mall where it will see big demand and we can increase rents by 40% through updated units.

Miami real estate investment firm SAR Apartment Capital LLC acquired a distressed 434 units in Atlanta, Georgia for $20,200,000 at $46,500 a door. Property is divided into two different assets; Brentwood Creek with 238 units and Brentwood Heights 196 units .

The founders of SAR Apartment Capital, Sam Jazayri, Abiel Ballesteros and Rene Sanchez, sold 519 units in Decatur, GA for $29,900,000. The firm invested $10,000,000 to renovate the interior and exterior of the property, as the property was originally purchased distressed with an 80% vacancy for $3,100,000 in 2013.

Ballesteros, Jazayri, and Sanchez searched throughout the Midwest market for class C apartments that would have a high return and purchased Forest Creek and Sharon Wood.