Atlanta – portfolio of single family homes
Under the Cordia USA brand, Futureal began acquiring its portfolio of 200 single family homes in Atlanta, Georgia in June 2012. Each property was carefully and rigorously selected on an individual basis in the most attractive parts of the southern metropolitan area by our in-house acquisition and property management team. Our team has purchased, renovated, rented and now manages this large portfolio of quality rental homes. The average property in this portfolio has three bedrooms, 1.5 bathrooms and is 1,300 square feet in size. The total value of the portfolio is in excess of $20 million.
The business plan is to hold the properties for the next five years. In this time we will continue to invest significant money into improving the quality of the homes, giving us the opportunity to benefit from the positive demographic and economic developments in Atlanta.
Atlanta is the ninth largest metropolitan area in the United States and has experienced the second fastest growth rate in the country since 2012. It is home to the world’s busiest airport, has the USA’s third largest concentration of Fortune 500 companies and a GDP of $385 billion, the third largest in the US and one of the largest 20 in the world. It has become an important base for film, TV and music production and has over 35 million visitors per year, the seventh largest figure of any city in the US.