Atlanta Market Ripe for Investment

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1 minute read

Atlanta is the No. 3 market for multifamily-housing investment, according to a new report by Ten-X (formerly Auction.com).

With strong job growth in the area, Ten-X predicts that investors will see annual net operating income (NOI) increases of approximately 4 percent through 2018.

In July, average rent for a one-bedroom apartment in the Atlanta metro area increased by 4 percent over the previous month, according to ABODO’s National Apartment Report: July 2016. That makes Atlanta No. 10 in the nation for the largest rent growth in July.

In addition, two large apartment community sales just occurred in the metro area: a 380-unit community sold for more than $75 million and a 336-unit mixed-use community went for $74.5 million.

In suburban Atlanta, Cobb County is growing quickly, as millennials start to move there and older apartment communities are renovated.

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