MCDONOUGH, GA. — PointOne Holdings has purchased Bridge Mill Vista, a 276-unit garden-style apartment community in McDonough, for $18.1 million. The company will rebrand the complex Hampton Point Apartments. PointOne assumed an existing Freddie Mac loan and obtained an acquisition loan from Freddie Mac to complete the purchase. Built in three phases between 1991 and 2000, Hampton Point was 93 percent occupied at the time of sale. The community’s residences average 1,130 square feet and feature security alarm panels, entry foyers, patio/balconies, large closet space and full-size washer/dryer connections. PointOne plans to invest $2 million to upgrade the unit interiors and the leasing and resident centers, as well as modernizing the community amenities including a new dog park, children’s playground, fitness center, cyber café, outdoor kitchens and fireplaces, new signage and a gazebo with picnic tables and outdoor grilling stations.
Hampton Point Apartments in McDonough, Ga., was 93 percent occupied at the time of sale.
PointOne Holdings Acquires Metro Atlanta Apartment Community for $18.1M
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