Overview
The Park at Arlington
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The Park at Arlington

Covington, GA

Fund:

Auerbach Opportunity Fund I, L.P.

Type:

Residential/Multi-Family

Size:

206,568 SF, 188 Units

Key Tenants/Features:

Address:

30 Grosslake Pky., Covington, GA 30016

Description:

The Park at Arlington is a 188 unit multifamily asset comprised of 13 three-story buildings resting on 22 acres.  The asset, originally built in 2001, is located in the Newton County submarket which was one of the fastest growing counties in the nation in the early 2000s. In addition, only 6 properties have been delivered since 2000, fueling demand for multifamily housing as the growth of the unit supply in the market has not kept up with population growth. Consequently, as a result of this lack of supply coupled with favorable job growth and other macroeconomic conditions, The county has experienced 20.6% rent growth since 2009, and vacancy has dropped during the same time period to reach 4.5%.

An architecturally appealing asset with expansive floor plans, The Park at Arlington, is strategically located just 1.3 miles south of the prolific I-20 East-West Atlanta corridor in the rapidly expanding Newton/Rockdale County region of southeastern metropolitan Atlanta.

PROPERTY FEATURES

  • Clubhouse
  • Controlled Access Gates
  • 2 Courtyards
  • 8 Detached Garages
  • Fitness Center
  • 2 Gazebo/Pavilions
  • 2 Grilling/Picnic Areas
  • Laundry Facility
  • Leasing Center
  • Playground
  • Resident Business Center
  • Lighted Sports Court
  • Sprinklered Buildings
  • 16 Storage Units
  • Swimming Pool
  • Wading Pool
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